Mirabaud Asset Management Ltd Purchases 1,632 Shares of International Business Machines Co. (NYSE:IBM)

Mirabaud Asset Management Ltd grew its position in shares of International Business Machines Co. (NYSE:IBM) by 44.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,296 shares of the technology company’s stock after purchasing an additional 1,632 shares during the period. Mirabaud Asset Management Ltd’s holdings in International Business Machines were worth $1,166,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of International Business Machines by 35.0% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 77,168 shares of the technology company’s stock valued at $16,964,000 after purchasing an additional 20,000 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of International Business Machines by 9.2% during the 4th quarter. Wedbush Securities Inc. now owns 58,791 shares of the technology company’s stock valued at $12,924,000 after buying an additional 4,934 shares in the last quarter. Envestnet Asset Management Inc. grew its position in International Business Machines by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,361,646 shares of the technology company’s stock worth $299,331,000 after acquiring an additional 3,573 shares in the last quarter. Perennial Investment Advisors LLC raised its position in International Business Machines by 5.2% during the fourth quarter. Perennial Investment Advisors LLC now owns 5,056 shares of the technology company’s stock valued at $1,111,000 after purchasing an additional 250 shares during the period. Finally, Aviva PLC lifted its stake in shares of International Business Machines by 6.8% in the 4th quarter. Aviva PLC now owns 554,867 shares of the technology company’s stock valued at $121,976,000 after purchasing an additional 35,218 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM stock opened at $227.31 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The business has a 50-day moving average price of $251.46 and a 200 day moving average price of $232.41. The company has a market capitalization of $210.78 billion, a P/E ratio of 35.46, a PEG ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM) last announced its quarterly 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, equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Morgan Stanley upped their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. UBS Group raised their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets increased their price target on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Two 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, International Business Machines has a consensus rating of “Hold” and an average price target of $231.13.

International Business Machines Company 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.