Jacobs Levy Equity Management Inc. Acquires New Shares in International Business Machines Co. (NYSE:IBM)

Jacobs Levy Equity Management Inc. purchased a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 26,472 shares of the technology company's stock, valued at approximately $5,819,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Aprio Wealth Management LLC grew its holdings in shares of International Business Machines by 6.8% during the fourth quarter. Aprio Wealth Management LLC now owns 1,595 shares of the technology company's stock worth $351,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in shares of International Business Machines by 104.3% during the fourth quarter. Fiduciary Alliance LLC now owns 5,400 shares of the technology company's stock worth $1,187,000 after purchasing an additional 2,757 shares in the last quarter. Fragasso Financial Advisors Inc grew its holdings in shares of International Business Machines by 3.4% during the fourth quarter. Fragasso Financial Advisors Inc now owns 1,580 shares of the technology company's stock worth $347,000 after purchasing an additional 52 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of International Business Machines by 138.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 3,730 shares of the technology company's stock worth $820,000 after purchasing an additional 2,163 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its holdings in shares of International Business Machines by 3.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,763 shares of the technology company's stock worth $1,047,000 after purchasing an additional 153 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 0.0%

IBM traded up $0.02 during trading on Friday, reaching $266.70. The stock had a trading volume of 3,814,415 shares, compared to its average volume of 4,226,518. The stock's 50 day moving average is $243.74 and its two-hundred day moving average is $236.69. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $247.87 billion, a price-to-earnings ratio of 41.61, a P/E/G 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 $267.98.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 earnings per share. As a group, analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced 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 is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.52%. International Business Machines's dividend payout ratio is currently 115.66%.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group reissued a "sell" rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $249.06.

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.