International Business Machines Co. (NYSE:IBM) Stock Holdings Decreased by Access Financial Services Inc.

Access Financial Services Inc. lessened its holdings in International Business Machines Co. (NYSE:IBM) by 18.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,045 shares of the technology company’s stock after selling 1,811 shares during the quarter. Access Financial Services Inc.’s holdings in International Business Machines were worth $1,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Natixis Advisors L.P. increased its holdings in shares of International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after purchasing an additional 57,170 shares during the period. Herold Advisors Inc. lifted its position in International Business Machines by 3.2% in 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. purchased a new position in shares of International Business Machines during the 3rd quarter valued at $661,000. Silicon Valley Capital Partners increased its stake in shares of International Business Machines by 33.6% in the third quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock worth $4,524,000 after acquiring an additional 8,117 shares during the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of International Business Machines by 48.1% during the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after acquiring an additional 6,397 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on IBM shares. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Stifel Nicolaus raised their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. 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 research report on Thursday, March 14th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Sanford C. Bernstein raised their target price on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. One equities 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $176.85.

International Business Machines Price Performance

Shares of NYSE IBM opened at $190.96 on Friday. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The company has a fifty day moving average price of $186.79 and a 200 day moving average price of $164.17. The firm has a market cap of $175.06 billion, a PE ratio of 23.49, a PEG ratio of 3.74 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $3.60 earnings per share. Research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

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.