USS Investment Management Ltd Acquires 133,653 Shares of International Business Machines Co. (NYSE:IBM)

USS Investment Management Ltd grew its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 129.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,553 shares of the technology company's stock after acquiring an additional 133,653 shares during the period. USS Investment Management Ltd's holdings in International Business Machines were worth $52,038,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IBM. JBR Co Financial Management Inc grew its position in shares of International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after purchasing an additional 40 shares during the last quarter. Wealth Dimensions Group Ltd. boosted its stake in International Business Machines by 1.0% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after purchasing an additional 40 shares during the period. Schechter Investment Advisors LLC grew its holdings in International Business Machines by 0.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after buying an additional 43 shares in the last quarter. Titleist Asset Management LLC grew its holdings in International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after buying an additional 43 shares in the last quarter. Finally, Callan Capital LLC grew its holdings in shares of International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on IBM. JPMorgan Chase & Co. increased their target price on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Bank of America upped their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Oppenheimer began coverage on International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $249.06.

International Business Machines Trading Down 1.0%

NYSE IBM traded down $2.67 during trading hours on Thursday, hitting $258.20. 3,087,483 shares of the company's stock were exchanged, compared to its average volume of 4,211,014. The stock has a 50-day simple moving average of $244.79 and a 200 day simple moving average of $237.48. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $269.28. The firm has a market cap of $239.97 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 5.81 and a beta of 0.64. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

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, 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 business had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The firm's revenue was up .5% on a year-over-year basis. On average, equities analysts forecast 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. Stockholders of record on Friday, May 9th will be issued 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 2.60%. International Business Machines's payout ratio is currently 115.66%.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines 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 transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company's stock.

International Business Machines 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.