International Business Machines Co. (NYSE:IBM) Position Increased by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 0.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 280,373 shares of the technology company’s stock after buying an additional 85 shares during the quarter. International Business Machines comprises about 2.9% of Birch Hill Investment Advisors LLC’s holdings, making the stock its 11th biggest position. Birch Hill Investment Advisors LLC’s holdings in International Business Machines were worth $61,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IBM. Meeder Asset Management Inc. lifted its position in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after buying an additional 166 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new position in shares of International Business Machines during the 4th quarter valued at $1,940,000. Tranquilli Financial Advisor LLC bought a new position in International Business Machines during the fourth quarter valued at about $373,000. Philip James Wealth Mangement LLC bought a new stake in shares of International Business Machines during the 3rd quarter worth about $5,117,000. Finally, Nordea Investment Management AB raised its stake in shares of International Business Machines by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock valued at $16,615,000 after acquiring an additional 4,625 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

International Business Machines stock opened at $252.31 on Friday. The firm has a market capitalization of $233.30 billion, a P/E ratio of 39.36, a PEG ratio of 5.57 and a beta of 0.76. The business has a 50-day moving average of $229.76 and a 200-day moving average of $216.92. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IBM. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday. Sanford C. Bernstein raised their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Wedbush began coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $225.53.

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.