International Business Machines Co. (NYSE:IBM) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in International Business Machines Co. (NYSE:IBM) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 514,648 shares of the technology company’s stock after acquiring an additional 29,032 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of International Business Machines worth $84,171,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IBM. Cornerstone Planning Group LLC purchased a new stake in shares of International Business Machines in the 2nd quarter worth about $28,000. Live Oak Investment Partners acquired a new stake in International Business Machines during the 4th quarter worth approximately $30,000. Briaud Financial Planning Inc purchased a new position in International Business Machines in the 3rd quarter worth approximately $31,000. PCA Investment Advisory Services Inc. purchased a new position in International Business Machines in the 2nd quarter worth approximately $31,000. Finally, Stone House Investment Management LLC boosted its stake in shares of International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IBM. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Sanford C. Bernstein lifted their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Bank of America raised their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, BMO Capital Markets raised their target price 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 analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $176.85.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $1.20 during midday trading on Friday, reaching $189.14. 2,012,428 shares of the company traded hands, compared to its average volume of 4,084,947. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The stock has a 50-day moving average price of $188.62 and a 200 day moving average price of $166.15. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The company has a market cap of $173.39 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 3.68 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly 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. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. During the same period in the previous year, the business earned $3.60 earnings per share. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. Sell-side analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared 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 3.51%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

International Business Machines 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.