Moore Capital Management LP Buys Shares of 2,379 International Business Machines Co. (NYSE:IBM)

Moore Capital Management LP purchased a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,379 shares of the technology company's stock, valued at approximately $523,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital World Investors raised its holdings in International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after purchasing an additional 9,650,534 shares during the period. Norges Bank bought a new stake in shares of International Business Machines in the 4th quarter valued at $1,236,176,000. Raymond James Financial Inc. acquired a new position in International Business Machines in the fourth quarter valued at about $592,746,000. Northern Trust Corp increased its holdings in shares of International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

NYSE:IBM traded up $0.02 during trading hours on Friday, reaching $266.70. 3,814,415 shares of the company were exchanged, compared to its average volume of 4,218,532. The company has a market capitalization of $247.87 billion, a P/E ratio of 41.61, a P/E/G ratio of 5.81 and a beta of 0.64. 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 has a 50 day moving average of $243.38 and a 200 day moving average of $235.88. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $268.08.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.68 EPS. Research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.52%. International Business Machines's dividend payout ratio is currently 115.66%.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IBM. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Oppenheimer initiated coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective for the company. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $249.06.

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.