International Business Machines Co. (NYSE:IBM) Shares Acquired by National Pension Service

National Pension Service raised its position in International Business Machines Co. (NYSE:IBM - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,665,386 shares of the technology company's stock after purchasing an additional 36,403 shares during the quarter. National Pension Service owned about 0.18% of International Business Machines worth $272,374,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in IBM. Naples Money Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at approximately $28,000. Briaud Financial Planning Inc purchased a new stake in shares of International Business Machines in the 3rd quarter valued at $31,000. Stone House Investment Management LLC lifted its stake in International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company's stock worth $32,000 after acquiring an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. boosted its holdings in International Business Machines by 67.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company's stock valued at $32,000 after acquiring an additional 91 shares during the period. Finally, Cordant Inc. grew its position in International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company's stock valued at $42,000 after acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wedbush increased their price target on shares of International Business Machines from $140.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, April 25th. Sanford C. Bernstein raised their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a "market perform" rating in a research report on Thursday, March 7th. Evercore ISI raised International Business Machines from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. BNP Paribas started coverage on International Business Machines in a report on Thursday, May 2nd. They issued an "underperform" rating and a $145.00 target price for the company. Finally, Bank of America increased their price target on International Business Machines from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. 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 company's stock. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and an average price target of $181.29.

International Business Machines Stock Down 2.1 %

Shares of NYSE:IBM traded down $3.60 during trading on Thursday, hitting $166.30. 4,266,007 shares of the company were exchanged, compared to its average volume of 4,926,219. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The firm's 50 day moving average price is $184.80 and its 200-day moving average price is $171.86. The stock has a market capitalization of $152.76 billion, a P/E ratio of 18.83, a PEG ratio of 4.08 and a beta of 0.74. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18.

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

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a dividend of $1.67 per share. This is a positive change from International Business Machines's previous quarterly dividend of $1.66. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.68 annualized dividend and a yield of 4.02%. International Business Machines's payout ratio is 75.65%.

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.