International Business Machines Corporation (NYSE:IBM) Shares Purchased by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. increased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,748 shares of the technology company's stock after acquiring an additional 1,022 shares during the period. International Business Machines comprises 1.9% of Asahi Life Asset Management CO. LTD.'s investment portfolio, making the stock its 14th biggest position. Asahi Life Asset Management CO. LTD.'s holdings in International Business Machines were worth $2,921,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its stake in shares of International Business Machines by 413.5% in the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after buying an additional 9,650,534 shares during the period. Norges Bank purchased a new position in shares of International Business Machines in the 4th quarter valued at about $1,236,176,000. GAMMA Investing LLC boosted its stake in shares of International Business Machines by 29,564.2% in the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after buying an additional 4,384,958 shares during the period. Northern Trust Corp boosted its stake in shares of International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after buying an additional 1,704,209 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of International Business Machines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after buying an additional 1,539,888 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent analyst reports. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Wedbush boosted their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Bank of America boosted their target price on International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Finally, Royal Bank Of Canada boosted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $264.94.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $0.12 during trading on Thursday, reaching $282.04. The company had a trading volume of 3,336,525 shares, compared to its average volume of 4,226,468. The firm has a market capitalization of $262.13 billion, a price-to-earnings ratio of 48.54, a price-to-earnings-growth ratio of 5.92 and a beta of 0.69. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The stock's fifty day moving average price is $275.65 and its 200 day moving average price is $253.56. International Business Machines Corporation has a fifty-two week low of $181.81 and a fifty-two week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 earnings per share. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is presently 115.66%.

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.