Qube Research & Technologies Ltd bought a new stake in International Business Machines Co. (NYSE:IBM – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,897 shares of the technology company's stock, valued at approximately $7,658,000.
Other large investors also recently modified their holdings of the company. IFS Advisors LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $28,000. Parkside Investments LLC bought a new stake in International Business Machines during the first quarter worth $31,000. Total Clarity Wealth Management Inc. lifted its holdings in International Business Machines by 537.5% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company's stock worth $34,000 after acquiring an additional 215 shares during the period. SJS Investment Consulting Inc. lifted its holdings in International Business Machines by 39.9% during the first quarter. SJS Investment Consulting Inc. now owns 270 shares of the technology company's stock worth $35,000 after acquiring an additional 77 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in International Business Machines during the fourth quarter worth $37,000. Institutional investors own 55.22% of the company's stock.
Get International Business Machines alerts:Wall Street Analyst Weigh In
IBM has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on International Business Machines from $157.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. Bank of America lifted their price target on International Business Machines from $162.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, April 20th. BMO Capital Markets dropped their price target on International Business Machines from $152.00 to $148.00 in a report on Tuesday, July 19th. Tigress Financial raised their target price on International Business Machines from $133.00 to $139.00 and gave the stock a "neutral" rating in a research report on Thursday, April 21st. Finally, Credit Suisse Group decreased their target price on International Business Machines from $166.00 to $156.00 and set an "outperform" rating for the company in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $146.10.
Insider Activity at International Business Machines
In related news, major shareholder Business Machine International sold 22,301,536 shares of International Business Machines stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the completion of the sale, the insider now owns 22,301,536 shares of the company's stock, valued at $311,106,427.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by corporate insiders.International Business Machines Price Performance
Shares of NYSE IBM opened at $132.48 on Monday. The stock has a market cap of $119.65 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.00 and a beta of 0.85. International Business Machines Co. has a fifty-two week low of $114.56 and a fifty-two week high of $146.00. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.82 and a current ratio of 0.88. The stock has a fifty day moving average of $136.61 and a 200-day moving average of $132.78.
International Business Machines (NYSE:IBM – Get Rating) last announced its quarterly earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.02. The company had revenue of $15.54 billion during the quarter, compared to analysts' expectations of $15.18 billion. International Business Machines had a return on equity of 43.52% and a net margin of 8.72%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 earnings per share. Equities research analysts anticipate that International Business Machines Co. will post 9.47 earnings per share for the current year.
International Business Machines Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 10th will be paid a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Tuesday, August 9th. International Business Machines's dividend payout ratio is 107.14%.
About International Business Machines
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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.
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