International Business Machines Co. (NYSE:IBM) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 123,267 shares of the technology company's stock after purchasing an additional 1,196 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in International Business Machines were worth $27,461,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of IBM. Capital World Investors grew its holdings 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 worth $2,634,577,000 after acquiring an additional 9,650,534 shares during the last quarter. Norges Bank acquired a new position in shares of International Business Machines in the 4th quarter worth $1,236,176,000. Raymond James Financial Inc. acquired a new position in shares of International Business Machines in the 4th quarter worth $592,746,000. Northern Trust Corp grew its holdings 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 worth $2,384,275,000 after acquiring an additional 1,704,209 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings 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 worth $20,189,023,000 after acquiring an additional 1,539,888 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America lifted their price target on International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday. Morgan Stanley lowered their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Tuesday. One 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 a consensus target price of $248.50.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

International Business Machines Stock Up 1.9%

NYSE IBM opened at $258.55 on Wednesday. The firm has a market cap of $240.30 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a one year low of $163.53 and a one year high of $266.45. The stock's 50 day simple moving average is $243.26 and its 200 day simple moving average is $235.35. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 38.99% and a net margin of 9.60%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $1.68 EPS. As a group, sell-side 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

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.

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