Nordwand Advisors LLC Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

Nordwand Advisors LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBMFree Report) by 329.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,694 shares of the technology company’s stock after purchasing an additional 1,300 shares during the quarter. Nordwand Advisors LLC’s holdings in International Business Machines were worth $277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC boosted its stake in International Business Machines by 15,439.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after buying an additional 2,636,386 shares in the last quarter. Morgan Stanley boosted its stake in International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after buying an additional 1,919,490 shares in the last quarter. California Public Employees Retirement System boosted its stake in International Business Machines by 15.9% in the third quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock worth $890,322,000 after buying an additional 871,247 shares in the last quarter. Northern Trust Corp boosted its stake in International Business Machines by 4.2% in the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after buying an additional 404,948 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in International Business Machines by 162.4% in the third quarter. Acadian Asset Management LLC now owns 621,682 shares of the technology company’s stock worth $87,204,000 after buying an additional 384,744 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on IBM shares. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Bank of America increased their price objective 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. Sanford C. Bernstein increased their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Jefferies Financial Group dropped their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average price target of $181.29.

Read Our Latest Research Report on IBM

International Business Machines Stock Up 0.3 %

Shares of NYSE:IBM traded up $0.43 during midday trading on Wednesday, reaching $167.79. The company’s stock had a trading volume of 1,609,332 shares, compared to its average volume of 4,809,680. International Business Machines Co. has a 12-month low of $122.45 and a 12-month high of $199.18. The firm has a market capitalization of $154.13 billion, a P/E ratio of 19.03, a PEG ratio of 4.12 and a beta of 0.74. The firm has a 50 day moving average of $183.01 and a 200-day moving average of $172.87. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBMGet Free Report) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 earnings per share. On average, research analysts anticipate that International Business Machines Co. will post 9.92 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $1.67 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Thursday, May 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

International Business Machines Company 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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