NEOS Investment Management LLC Acquires 5,176 Shares of International Business Machines Co. (NYSE:IBM)

NEOS Investment Management LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,088 shares of the technology company’s stock after acquiring an additional 5,176 shares during the quarter. NEOS Investment Management LLC’s holdings in International Business Machines were worth $10,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. UniSuper Management Pty Ltd boosted its holdings in International Business Machines by 0.8% in the 4th quarter. UniSuper Management Pty Ltd now owns 53,888 shares of the technology company’s stock valued at $11,846,000 after purchasing an additional 451 shares during the period. WINTON GROUP Ltd lifted its stake in shares of International Business Machines by 0.4% in the fourth quarter. WINTON GROUP Ltd now owns 26,491 shares of the technology company’s stock valued at $5,824,000 after buying an additional 107 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in International Business Machines by 8.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,612,701 shares of the technology company’s stock worth $359,068,000 after buying an additional 123,967 shares in the last quarter. Tyler Stone Wealth Management increased its stake in International Business Machines by 24.1% during the fourth quarter. Tyler Stone Wealth Management now owns 3,012 shares of the technology company’s stock valued at $662,000 after acquiring an additional 584 shares during the period. Finally, Graney & King LLC acquired a new position in International Business Machines in the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IBM shares. Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Sanford C. Bernstein boosted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Oppenheimer assumed coverage on shares of International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective for the company. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $250.26 on Thursday. The business has a fifty day moving average of $248.65 and a 200-day moving average of $230.90. The firm has a market cap of $232.06 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. 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 twelve month low of $162.62 and a twelve month high of $266.45.

International Business Machines (NYSE:IBM) last announced its 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 research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. International Business Machines’s payout ratio is 104.21%.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

International Business Machines Company 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.