ABC Arbitrage SA Invests $1.28 Million in International Business Machines Co. (NYSE:IBM)

ABC Arbitrage SA bought a new position in International Business Machines Co. (NYSE:IBM) in the fourth quarter, Holdings Channel.com reports. The firm bought 5,807 shares of the technology company’s stock, valued at approximately $1,277,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IBM. Sage Advisors LLC raised its holdings in International Business Machines by 1.0% in the 4th quarter. Sage Advisors LLC now owns 4,716 shares of the technology company’s stock valued at $1,037,000 after buying an additional 49 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its holdings in International Business Machines by 1.7% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 64,595 shares of the technology company’s stock valued at $14,200,000 after buying an additional 1,063 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in International Business Machines by 0.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 14,096 shares of the technology company’s stock valued at $3,099,000 after buying an additional 96 shares during the last quarter. Blue Trust Inc. raised its holdings in International Business Machines by 14.6% in the 4th quarter. Blue Trust Inc. now owns 20,962 shares of the technology company’s stock valued at $4,608,000 after buying an additional 2,673 shares during the last quarter. Finally, Campbell Wealth Management raised its holdings in International Business Machines by 226.1% during the 4th quarter. Campbell Wealth Management now owns 5,537 shares of the technology company’s stock worth $1,217,000 after purchasing an additional 3,839 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on IBM shares. Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Oppenheimer began coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target for the company. Jefferies Financial Group lifted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Finally, UBS Group raised their price objective on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average price target of $231.44.

International Business Machines Trading Up 0.6 %

NYSE IBM opened at $260.65 on Friday. The stock has a market capitalization of $241.01 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 5.57 and a beta of 0.76. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The business’s fifty day moving average is $232.08 and its 200-day moving average is $219.25.

International Business Machines (NYSE:IBM) last released its earnings results 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 return on equity of 38.99% and a net margin of 9.60%. Equities research analysts predict that International Business Machines Co. will post 10.75 EPS 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. Investors of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 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.