International Business Machines Co. (NYSE:IBM) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in International Business Machines Co. (NYSE:IBM) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 530,414 shares of the technology company’s stock after acquiring an additional 87,227 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of International Business Machines worth $86,775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in International Business Machines by 0.4% in the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after acquiring an additional 365,388 shares during the period. Morgan Stanley lifted its holdings in International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after acquiring an additional 1,919,490 shares during the period. Northern Trust Corp lifted its holdings in International Business Machines by 4.2% in the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after acquiring an additional 404,948 shares during the period. Bank of New York Mellon Corp lifted its holdings in International Business Machines by 10.2% in the third quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock valued at $1,219,399,000 after acquiring an additional 807,357 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in International Business Machines by 15.9% in the third quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock valued at $890,322,000 after acquiring an additional 871,247 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on IBM shares. Jefferies Financial Group reduced their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Sanford C. Bernstein raised their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. UBS Group raised their price target on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $184.08.

International Business Machines Trading Down 1.1 %

NYSE:IBM traded down $1.78 during mid-day trading on Friday, reaching $167.13. The company’s stock had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. The company’s fifty day simple moving average is $187.60 and its two-hundred day simple moving average is $170.34. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 0.93. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The stock has a market cap of $153.21 billion, a P/E ratio of 18.93, a P/E/G ratio of 3.30 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the company earned $1.36 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities analysts predict that International Business Machines Co. will post 9.99 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 75.20%.

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.