1,197 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. bought a new position in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,197 shares of the technology company’s stock, valued at approximately $196,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Desjardins Global Asset Management Inc. raised its position in International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after purchasing an additional 54 shares during the last quarter. Avion Wealth raised its position in shares of International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after acquiring an additional 56 shares in the last quarter. Financial Security Advisor Inc. grew its stake in shares of International Business Machines by 2.7% in the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after buying an additional 61 shares during the period. Cornerstone Wealth Group LLC grew its stake in shares of International Business Machines by 3.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 1,734 shares of the technology company’s stock valued at $284,000 after buying an additional 61 shares during the period. Finally, Webster Bank N. A. grew its stake in shares of International Business Machines by 0.9% in the 4th quarter. Webster Bank N. A. now owns 7,131 shares of the technology company’s stock valued at $1,166,000 after buying an additional 62 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $183.05 on Thursday. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The stock’s 50 day moving average price is $188.61 and its 200-day moving average price is $168.54. The company has a market capitalization of $167.81 billion, a PE ratio of 22.52, a PEG ratio of 3.60 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion for 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%. International Business Machines’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.60 EPS. On average, equities analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.63%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IBM shares. 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. Evercore 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. Royal Bank of Canada lifted their price target on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $178.67.

About International Business Machines

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.