International Business Machines Co. (NYSE:IBM) Shares Bought by River Global Investors LLP

River Global Investors LLP increased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 92.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,820 shares of the technology company's stock after acquiring an additional 12,861 shares during the period. River Global Investors LLP's holdings in International Business Machines were worth $4,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. lifted its holdings in International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company's stock worth $644,000 after buying an additional 54 shares during the period. Calamos Wealth Management LLC boosted its position in International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company's stock worth $328,000 after purchasing an additional 55 shares during the last quarter. Avion Wealth increased its stake in shares of International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company's stock worth $158,000 after purchasing an additional 56 shares during the last quarter. Northwest Capital Management Inc increased its stake in shares of International Business Machines by 5.0% during the 4th quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company's stock worth $201,000 after purchasing an additional 59 shares during the last quarter. Finally, Financial Security Advisor Inc. increased its stake in shares of International Business Machines by 2.7% during the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company's stock worth $384,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IBM shares. Morgan Stanley reduced their price target on shares of International Business Machines from $186.00 to $179.00 and set an "equal weight" rating for the company in a research report on Friday, April 26th. Jefferies Financial Group cut their price objective on shares of International Business Machines from $215.00 to $210.00 and set a "hold" rating on the stock in a report on Tuesday, April 23rd. Evercore upgraded shares of International Business Machines from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Royal Bank of Canada increased their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, January 25th. Finally, Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a "market perform" rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $181.29.

International Business Machines Stock Up 0.6 %

NYSE:IBM traded up $1.02 during mid-day trading on Friday, hitting $165.71. The stock had a trading volume of 3,400,405 shares, compared to its average volume of 4,768,629. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $152.22 billion, a PE ratio of 18.77, a PEG ratio of 4.05 and a beta of 0.74. The stock has a 50-day simple moving average of $185.75 and a two-hundred day simple moving average of $171.01. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company had revenue of $14.46 billion for the quarter, compared to analysts' expectations of $14.53 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm's quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that International Business Machines Co. will post 9.92 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a dividend of $1.67 per share. The ex-dividend date is Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 4.03%. This is a positive change from International Business Machines's previous quarterly dividend of $1.66. International Business Machines's dividend payout ratio (DPR) is presently 75.65%.

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.