International Business Machines Co. (NYSE:IBM) Stock Holdings Boosted by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 378.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,964 shares of the technology company’s stock after buying an additional 77,498 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in International Business Machines were worth $21,535,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IBM. Passumpsic Savings Bank grew its stake in shares of International Business Machines by 3.8% in the 3rd quarter. Passumpsic Savings Bank now owns 2,045 shares of the technology company’s stock worth $452,000 after purchasing an additional 74 shares during the last quarter. Virtu Financial LLC acquired a new position in International Business Machines in the third quarter worth approximately $766,000. Westside Investment Management Inc. increased its holdings in shares of International Business Machines by 12.2% in the third quarter. Westside Investment Management Inc. now owns 919 shares of the technology company’s stock valued at $188,000 after buying an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of International Business Machines by 4.6% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 3,140 shares of the technology company’s stock valued at $694,000 after acquiring an additional 139 shares during the last quarter. Finally, Diamant Asset Management Inc. boosted its stake in shares of International Business Machines by 11.0% during the 3rd quarter. Diamant Asset Management Inc. now owns 1,610 shares of the technology company’s stock worth $356,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company’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 sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This 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. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IBM. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Morgan Stanley decreased their price objective on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus price target of $242.41.

International Business Machines Stock Performance

Shares of IBM opened at $239.30 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The company’s fifty day moving average is $244.27 and its 200-day moving average is $233.97. The firm has a market cap of $221.89 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period last year, the company earned $1.68 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.81%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is presently 114.97%.

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.