New England Research & Management Inc. Raises Stake in International Business Machines Co. (NYSE:IBM)

New England Research & Management Inc. increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 8.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,571 shares of the technology company’s stock after purchasing an additional 831 shares during the period. International Business Machines accounts for 1.2% of New England Research & Management Inc.’s investment portfolio, making the stock its 23rd largest position. New England Research & Management Inc.’s holdings in International Business Machines were worth $2,324,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in IBM. Advisory Alpha LLC lifted its holdings in International Business Machines by 0.8% during the 2nd quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock worth $1,340,000 after purchasing an additional 65 shares in the last quarter. Farmers National Bank increased its stake in International Business Machines by 11.0% in the 2nd quarter. Farmers National Bank now owns 22,715 shares of the technology company’s stock worth $3,929,000 after acquiring an additional 2,247 shares during the last quarter. Creekside Partners bought a new position in International Business Machines in the 2nd quarter worth about $584,000. Sanctuary Advisors LLC bought a new position in International Business Machines in the 2nd quarter worth about $40,068,000. Finally, Lazari Capital Management Inc. increased its stake in International Business Machines by 9.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 1,973 shares of the technology company’s stock worth $341,000 after acquiring an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IBM. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Bank of America increased their target price on International Business Machines from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Jefferies Financial Group increased their target price on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. increased their target price on International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets increased their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $220.40.

International Business Machines Trading Up 1.5 %

IBM opened at $229.13 on Thursday. The stock has a market cap of $211.87 billion, a PE ratio of 33.35, a PEG ratio of 4.78 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The business has a 50 day moving average of $224.95 and a 200-day moving average of $213.44. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. Equities research analysts predict that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 97.23%.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.07% of the company’s stock.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.