Trexquant Investment LP Acquires New Position in International Business Machines Co. (NYSE:IBM)

Trexquant Investment LP bought a new position in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,339 shares of the technology company’s stock, valued at approximately $16,342,000.

Other hedge funds have also modified their holdings of the company. United Bank increased its holdings in International Business Machines by 53.3% in the third quarter. United Bank now owns 5,628 shares of the technology company’s stock valued at $1,244,000 after buying an additional 1,956 shares in the last quarter. Edgestream Partners L.P. boosted its position in International Business Machines by 21.1% during the third quarter. Edgestream Partners L.P. now owns 6,304 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 1,098 shares in the last quarter. Paloma Partners Management Co increased its position in shares of International Business Machines by 58.8% in the third quarter. Paloma Partners Management Co now owns 5,330 shares of the technology company’s stock valued at $1,178,000 after buying an additional 1,973 shares in the last quarter. Hilltop Holdings Inc. raised its stake in shares of International Business Machines by 14.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 27,081 shares of the technology company’s stock worth $5,987,000 after buying an additional 3,483 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of International Business Machines by 6.4% in the 3rd quarter. HighTower Advisors LLC now owns 1,423,795 shares of the technology company’s stock worth $314,762,000 after buying an additional 85,707 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on IBM shares. Sanford C. Bernstein increased their price target on shares of 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. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. UBS Group upped their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group lowered their price target on shares of International Business Machines from $270.00 to $265.00 and set a “hold” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $231.13.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

International Business Machines Trading Up 0.7 %

NYSE IBM opened at $250.34 on Wednesday. The stock has a market cap of $232.13 billion, a P/E ratio of 39.05, a PEG ratio of 5.81 and a beta of 0.74. The company’s fifty day simple moving average is $250.52 and its 200-day simple moving average is $232.13. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

About International Business Machines

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.