International Business Machines Co. (NYSE:IBM) Holdings Lifted by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. increased its holdings in International Business Machines Co. (NYSE:IBM) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,551 shares of the technology company’s stock after acquiring an additional 258 shares during the period. Global X Japan Co. Ltd.’s holdings in International Business Machines were worth $561,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Meeder Asset Management Inc. grew its position 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 worth $126,000 after acquiring an additional 166 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth about $1,940,000. Tranquilli Financial Advisor LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at about $373,000. Philip James Wealth Mangement LLC acquired a new stake in International Business Machines in the 3rd quarter worth approximately $5,117,000. Finally, Nordea Investment Management AB boosted its position in International Business Machines by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after purchasing an additional 4,625 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IBM. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. UBS Group upped 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. Morgan Stanley upped their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $225.53.

International Business Machines Stock Performance

Shares of IBM opened at $253.30 on Friday. The company has a market capitalization of $234.21 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a 50 day moving average of $228.73 and a 200 day moving average of $216.19.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. International Business Machines’s dividend payout ratio (DPR) 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.