Invesco Ltd. Boosts Position in International Business Machines Co. (NYSE:IBM)

Invesco Ltd. grew its holdings in International Business Machines Co. (NYSE:IBM) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,036,860 shares of the technology company’s stock after acquiring an additional 194,814 shares during the period. Invesco Ltd.’s holdings in International Business Machines were worth $887,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBM. Blue Zone Wealth Advisors LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $242,000. Brady Martz Wealth Solutions LLC purchased a new position in International Business Machines in the fourth quarter valued at $1,940,000. Tranquilli Financial Advisor LLC acquired a new position in shares of International Business Machines in the fourth quarter worth about $373,000. Truist Financial Corp boosted its stake in shares of International Business Machines by 6.5% during the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company’s stock worth $178,296,000 after acquiring an additional 49,591 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of International Business Machines by 6.5% during 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 during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Wedbush assumed coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Jefferies Financial Group reduced their price objective on shares of International Business Machines from $270.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, March 31st. Finally, Sanford C. Bernstein lifted their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $231.13.

International Business Machines Trading Down 0.9 %

IBM opened at $225.54 on Tuesday. The firm has a market capitalization of $209.13 billion, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. The company’s 50 day simple moving average is $251.49 and its two-hundred day simple moving average is $232.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

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, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed 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 2.96%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

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.