Cambridge Investment Research Advisors Inc. increased its position in International Business Machines Co. (NYSE:IBM - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 259,263 shares of the technology company's stock after buying an additional 1,983 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in International Business Machines were worth $56,994,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of International Business Machines by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,094,106 shares of the technology company's stock valued at $241,885,000 after acquiring an additional 46,951 shares in the last quarter. Nordea Investment Management AB grew its holdings in International Business Machines by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock valued at $16,615,000 after purchasing an additional 4,625 shares during the last quarter. Pensionfund Sabic raised its position in shares of International Business Machines by 40.0% in the fourth quarter. Pensionfund Sabic now owns 14,000 shares of the technology company's stock valued at $3,078,000 after purchasing an additional 4,000 shares during the period. Neville Rodie & Shaw Inc. lifted its stake in shares of International Business Machines by 6.7% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 54,011 shares of the technology company's stock worth $11,873,000 after buying an additional 3,402 shares during the last quarter. Finally, Advance Capital Management Inc. grew its stake in International Business Machines by 8.9% in the 4th quarter. Advance Capital Management Inc. now owns 1,620 shares of the technology company's stock valued at $356,000 after buying an additional 132 shares during the last quarter. Institutional investors own 58.96% of the company's stock.
International Business Machines Price Performance
Shares of IBM stock traded down $4.82 during trading hours on Friday, hitting $249.32. The company had a trading volume of 2,900,243 shares, compared to its average volume of 4,200,861. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a market capitalization of $231.72 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 12 month low of $163.53 and a 12 month high of $266.45. The firm's fifty day moving average is $243.09 and its 200 day moving average is $234.67.
International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. During the same period in the prior year, the company posted $1.68 earnings per share. The business's revenue for the quarter was up .5% compared to the same quarter last year. On average, sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.
International Business Machines Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.70%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.
Wall Street Analysts Forecast Growth
IBM has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $276.00 target price on shares of International Business Machines in a research report on Monday, April 14th. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Oppenheimer initiated coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $248.50.
View Our Latest Analysis on IBM
Insider Transactions at International Business Machines
In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on 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 $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company's stock.
About International Business Machines
(
Free Report)
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.
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