Leonteq Securities AG Buys Shares of 10,107 International Business Machines Corporation $IBM

Leonteq Securities AG bought a new stake in International Business Machines Corporation (NYSE:IBMFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,107 shares of the technology company’s stock, valued at approximately $2,994,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in International Business Machines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after buying an additional 1,439,824 shares in the last quarter. Capital World Investors boosted its position in International Business Machines by 13.9% in the third quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock valued at $4,809,461,000 after buying an additional 2,077,506 shares in the last quarter. Legal & General Group Plc boosted its position in International Business Machines by 2.5% in the third quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company’s stock valued at $2,060,536,000 after buying an additional 176,219 shares in the last quarter. Amundi raised its stake in shares of International Business Machines by 17.9% during the third quarter. Amundi now owns 4,777,516 shares of the technology company’s stock valued at $1,382,695,000 after acquiring an additional 725,191 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of International Business Machines by 2.2% during the third quarter. Invesco Ltd. now owns 3,921,228 shares of the technology company’s stock valued at $1,106,414,000 after acquiring an additional 86,123 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael Miebach bought 434 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was acquired at an average price of $233.33 per share, with a total value of $101,265.22. Following the completion of the purchase, the director directly owned 434 shares of the company’s stock, valued at approximately $101,265.22. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.27% of the stock is owned by corporate insiders.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oppenheimer dropped their price target on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Royal Bank Of Canada dropped their price target on shares of International Business Machines from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Argus set a $360.00 price target on shares of International Business Machines in a research note on Friday, January 30th. Finally, Evercore raised their price target on shares of International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average target price of $294.41.

Check Out Our Latest Stock Analysis on International Business Machines

International Business Machines Price Performance

Shares of NYSE IBM opened at $224.71 on Thursday. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $324.90. The firm has a fifty day simple moving average of $238.52 and a 200 day simple moving average of $272.95. The company has a market capitalization of $211.20 billion, a PE ratio of 19.87, a P/E/G ratio of 2.30 and a beta of 0.58. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBMGet Free Report) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter last year, the firm earned $1.60 earnings per share. International Business Machines’s quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts forecast that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a dividend of $1.69 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 8th. International Business Machines’s payout ratio is 59.77%.

International Business Machines Profile

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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

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