Bank of New Hampshire Boosts Holdings in International Business Machines Co. (NYSE:IBM)

Bank of New Hampshire raised its stake in shares of International Business Machines Co. (NYSE:IBM) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,337 shares of the technology company’s stock after acquiring an additional 752 shares during the period. Bank of New Hampshire’s holdings in International Business Machines were worth $2,053,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. boosted its position in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after purchasing an additional 166 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in International Business Machines during the second quarter worth $7,160,000. Philip James Wealth Mangement LLC acquired a new stake in International Business Machines during the third quarter valued at $5,117,000. Lord Abbett & CO. LLC purchased a new position in International Business Machines in the third quarter valued at $24,761,000. Finally, Aljian Capital Management LLC acquired a new position in shares of International Business Machines in the third quarter worth about $611,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bernstein Bank lifted their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. Finally, Evercore ISI increased their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $214.88.

International Business Machines Trading Up 1.5 %

Shares of IBM stock traded up $3.39 on Tuesday, hitting $226.06. 319,020 shares of the stock traded hands, compared to its average volume of 2,381,133. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a twelve month low of $157.88 and a twelve month high of $239.35. The firm’s 50-day moving average price is $220.73 and its two-hundred day moving average price is $208.12. The stock has a market capitalization of $209.03 billion, a PE ratio of 32.91, a PEG ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.20 EPS. As a group, analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 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 that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.

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.