Vident Advisory LLC Raises Stock Position in International Business Machines Co. (NYSE:IBM)

Vident Advisory LLC increased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 44.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,375 shares of the technology company's stock after acquiring an additional 17,282 shares during the quarter. Vident Advisory LLC's holdings in International Business Machines were worth $12,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. Compass Financial Services Inc bought a new position in shares of International Business Machines during the fourth quarter worth $26,000. Vision Financial Markets LLC bought a new position in International Business Machines during the fourth quarter valued at $31,000. Valued Wealth Advisors LLC lifted its position in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the last quarter. Rialto Wealth Management LLC bought a new position in International Business Machines during the fourth quarter valued at $35,000. Finally, Tacita Capital Inc lifted its position in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 0.6%

IBM stock traded down $1.65 during trading on Tuesday, hitting $266.76. The company had a trading volume of 2,436,525 shares, compared to its average volume of 4,221,254. The firm has a market capitalization of $247.93 billion, a P/E ratio of 41.62, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 52-week low of $163.53 and a 52-week high of $269.28. The company has a 50 day simple moving average of $244.53 and a 200-day simple moving average of $237.32. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly 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. The company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 EPS. As a group, research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.52%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group reiterated a "sell" rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Royal Bank of Canada increased their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Bank of America increased their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group reiterated a "hold" 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, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.06.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were 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 approximately $11,387,221.07. This trade represents a 37.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company's stock.

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.