International Business Machines Co. (NYSE:IBM) Shares Acquired by Next Level Private LLC

Next Level Private LLC increased its holdings in International Business Machines Co. (NYSE:IBM) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,211 shares of the technology company’s stock after buying an additional 399 shares during the period. International Business Machines comprises approximately 2.0% of Next Level Private LLC’s holdings, making the stock its 15th biggest position. Next Level Private LLC’s holdings in International Business Machines were worth $3,469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares during the period. BlackRock Inc. boosted its stake in International Business Machines by 3.5% during the 2nd quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock valued at $9,907,942,000 after purchasing an additional 2,483,682 shares during the period. State Street Corp raised its position in shares of International Business Machines by 1.7% during the 2nd quarter. State Street Corp now owns 54,441,615 shares of the technology company’s stock worth $7,284,833,000 after buying an additional 903,042 shares in the last quarter. Morgan Stanley raised its position in shares of International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after buying an additional 3,084,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of International Business Machines by 7.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after buying an additional 1,105,170 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM opened at $190.86 on Thursday. The company’s 50 day moving average price is $186.30 and its 200 day moving average price is $163.98. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a market capitalization of $174.97 billion, a PE ratio of 23.47, a PEG ratio of 3.69 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

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

International Business Machines Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on IBM shares. Royal Bank of Canada boosted their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Jefferies Financial Group initiated coverage on shares of International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Bank of America boosted their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $176.85.

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.