Syverson Strege & Co Increases Position in International Business Machines Co. (NYSE:IBM)

Syverson Strege & Co lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 14.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,220 shares of the technology company’s stock after purchasing an additional 283 shares during the period. Syverson Strege & Co’s holdings in International Business Machines were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBM. United Bank lifted its stake in International Business Machines by 53.3% during the third quarter. United Bank now owns 5,628 shares of the technology company’s stock worth $1,244,000 after purchasing an additional 1,956 shares during the last quarter. Quest Partners LLC lifted its position in shares of International Business Machines by 23,700.0% during the 3rd quarter. Quest Partners LLC now owns 238 shares of the technology company’s stock worth $53,000 after buying an additional 237 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of International Business Machines by 23.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 95,529 shares of the technology company’s stock valued at $21,120,000 after buying an additional 18,340 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in shares of International Business Machines by 1.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,649 shares of the technology company’s stock valued at $3,239,000 after buying an additional 180 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its stake in International Business Machines by 15.9% during the 3rd quarter. Summit Trail Advisors LLC now owns 9,181 shares of the technology company’s stock worth $2,030,000 after acquiring an additional 1,257 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Morgan Stanley boosted their price objective on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Finally, Oppenheimer began coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $231.44.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

International Business Machines Price Performance

International Business Machines stock opened at $248.49 on Tuesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The company has a market cap of $230.42 billion, a P/E ratio of 38.77, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The business has a fifty day moving average of $247.40 and a two-hundred day moving average of $230.42.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

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.