Mercer Global Advisors Inc. ADV Grows Position in International Business Machines Co. (NYSE:IBM)

Mercer Global Advisors Inc. ADV raised its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,473 shares of the technology company's stock after purchasing an additional 5,750 shares during the period. Mercer Global Advisors Inc. ADV's holdings in International Business Machines were worth $45,934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Passumpsic Savings Bank grew its position in shares of International Business Machines by 3.8% in the third quarter. Passumpsic Savings Bank now owns 2,045 shares of the technology company's stock valued at $452,000 after purchasing an additional 74 shares in the last quarter. Virtu Financial LLC bought a new position in International Business Machines in the 3rd quarter worth about $766,000. Westside Investment Management Inc. grew its holdings in International Business Machines by 12.2% during the 3rd quarter. Westside Investment Management Inc. now owns 919 shares of the technology company's stock valued at $188,000 after buying an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in shares of International Business Machines by 4.6% during the third quarter. SOA Wealth Advisors LLC. now owns 3,140 shares of the technology company's stock valued at $694,000 after buying an additional 139 shares during the period. Finally, Diamant Asset Management Inc. lifted its holdings in shares of International Business Machines by 11.0% in the third quarter. Diamant Asset Management Inc. now owns 1,610 shares of the technology company's stock worth $356,000 after buying an additional 160 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on IBM. Wedbush reiterated an "outperform" rating and issued a $300.00 target price on shares of International Business Machines in a research note on Thursday, April 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $276.00 price target on shares of International Business Machines in a report on Monday, April 14th. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Sanford C. Bernstein raised their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Finally, UBS Group reissued a "sell" rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $242.41.

International Business Machines Trading Up 2.4 %

Shares of NYSE:IBM traded up $5.83 during trading on Friday, reaching $245.49. 3,731,241 shares of the company traded hands, compared to its average volume of 4,206,963. 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 Co. has a 52-week low of $163.53 and a 52-week high of $266.45. The firm has a market capitalization of $227.63 billion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 5.81 and a beta of 0.67. The business's fifty day moving average is $243.19 and its 200-day moving average is $234.14.

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

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.74%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 114.97%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction on 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 directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.