3,312 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Oak Thistle LLC

Oak Thistle LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBMFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,312 shares of the technology company’s stock, valued at approximately $542,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors L.P. lifted 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 buying an additional 57,170 shares in the last quarter. Herold Advisors Inc. lifted its position in International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after buying an additional 688 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in International Business Machines during the 3rd quarter worth about $661,000. Silicon Valley Capital Partners raised its holdings in International Business Machines by 33.6% during the 3rd quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock worth $4,524,000 after purchasing an additional 8,117 shares during the last quarter. Finally, Waverly Advisors LLC raised its holdings 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 during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $190.94 on Thursday. The business has a 50 day simple moving average of $188.64 and a 200 day simple moving average of $165.69. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The stock has a market cap of $175.04 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 3.72 and a beta of 0.70.

International Business Machines (NYSE:IBMGet Free Report) last posted its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same period in the prior year, the business earned $3.60 EPS. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. International Business Machines’s payout ratio is 81.67%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IBM. Royal Bank of Canada boosted their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Stifel Nicolaus boosted their price objective on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Sanford C. Bernstein boosted their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets upped their price target on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $176.85.

Read Our Latest Analysis on International Business Machines

International Business Machines Profile

(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.

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

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