Hager Investment Management Services LLC Takes Position in International Business Machines Co. (NYSE:IBM)

Hager Investment Management Services LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 330 shares of the technology company’s stock, valued at approximately $73,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the period. Brady Martz Wealth Solutions LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at about $1,940,000. Tranquilli Financial Advisor LLC acquired a new position in shares of International Business Machines during the fourth quarter worth about $373,000. Philip James Wealth Mangement LLC purchased a new stake in shares of International Business Machines during the third quarter worth approximately $5,117,000. Finally, Nordea Investment Management AB raised its holdings in International Business Machines by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock valued at $16,615,000 after acquiring an additional 4,625 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on IBM. Wedbush initiated coverage on shares of International Business Machines in a research report on Monday. They issued an “outperform” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. UBS Group lifted their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Sanford C. Bernstein upped their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average price target of $225.53.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is owned by corporate insiders.

International Business Machines Stock Performance

Shares of IBM opened at $263.03 on Thursday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The stock has a market capitalization of $243.21 billion, a P/E ratio of 41.04, a P/E/G ratio of 5.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company’s fifty day moving average is $228.01 and its two-hundred day moving average is $215.86.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, sell-side analysts predict that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 104.21%.

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.