International Business Machines Co. (NYSE:IBM) Shares Bought by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. grew its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 4.5% in the fourth quarter, HoldingsChannel reports. The fund owned 3,888 shares of the technology company’s stock after buying an additional 168 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in International Business Machines were worth $636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vontobel Holding Ltd. increased its stake in shares of International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after acquiring an additional 80,474 shares during the last quarter. Natixis Advisors L.P. increased its position in International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 57,170 shares in the last quarter. Tsfg LLC increased its position in International Business Machines by 40.5% during the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after purchasing an additional 109 shares in the last quarter. Auxano Advisors LLC increased its position in International Business Machines by 4.8% during the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 156 shares in the last quarter. Finally, Waverly Advisors LLC increased its position in International Business Machines by 48.1% during the 3rd quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after purchasing an additional 6,397 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Sanford C. Bernstein increased their target price 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. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of International Business Machines in a research report on Wednesday, May 22nd. Jefferies Financial Group decreased their price target on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Stifel Nicolaus restated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Thursday, May 16th. Finally, Morgan Stanley decreased their price target on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Three investment 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.com, the stock currently has an average rating of “Hold” and an average target price of $181.29.

Check Out Our Latest Report on IBM

International Business Machines Stock Up 0.1 %

Shares of International Business Machines stock traded up $0.09 on Friday, hitting $169.21. 2,777,717 shares of the company’s stock traded hands, compared to its average volume of 3,225,373. The stock has a market cap of $155.44 billion, a P/E ratio of 19.16, a PEG ratio of 4.17 and a beta of 0.72. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The firm’s 50-day moving average is $172.43 and its 200 day moving average is $175.70. International Business Machines Co. has a 52-week low of $129.18 and a 52-week high of $199.18.

International Business Machines (NYSE:IBMGet Free Report) last released its earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the prior year, the business posted $1.36 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were paid a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.95%. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

About International Business Machines

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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