Raiffeisen Bank International AG Buys Shares of 88,690 International Business Machines Co. (NYSE:IBM)

Raiffeisen Bank International AG purchased a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 88,690 shares of the technology company's stock, valued at approximately $19,534,000.

Other institutional investors have also modified their holdings of the company. Miracle Mile Advisors LLC boosted its stake in International Business Machines by 138.0% in the 4th 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 during the period. BCS Wealth Management bought a new position in shares of International Business Machines during the fourth quarter worth about $247,000. Signal Advisors Wealth LLC raised its position in International Business Machines by 5.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 2,519 shares of the technology company's stock valued at $554,000 after buying an additional 132 shares during the last quarter. Safeguard Financial LLC acquired a new position in International Business Machines during the 4th quarter worth approximately $310,000. Finally, Sovereign Financial Group Inc. increased its stake in International Business Machines by 3.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 4,819 shares of the technology company's stock valued at $1,059,000 after buying an additional 182 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IBM. Wedbush restated an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a research note on Wednesday, May 7th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a report on Saturday. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $248.50.

International Business Machines Stock Down 0.2%

Shares of IBM opened at $258.19 on Thursday. 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 12 month low of $163.53 and a 12 month high of $266.45. The firm's 50 day moving average is $243.19 and its 200-day moving average is $235.51. The stock has a market capitalization of $239.96 billion, a PE ratio of 40.28, a P/E/G ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping 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 company's revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $1.68 EPS. Equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.60%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction dated 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 $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company's stock.

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.

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