International Business Machines Co. (NYSE:IBM) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its stake in International Business Machines Co. (NYSE:IBM) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,591,471 shares of the technology company’s stock after acquiring an additional 206,944 shares during the period. Alliancebernstein L.P. owned 0.17% of International Business Machines worth $349,853,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in International Business Machines by 1.4% during the 4th quarter. Wellington Management Group LLP now owns 231,021 shares of the technology company’s stock worth $50,785,000 after buying an additional 3,206 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in International Business Machines by 8.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 120,164 shares of the technology company’s stock worth $26,416,000 after purchasing an additional 9,411 shares during the last quarter. United Bank boosted its holdings in International Business Machines by 45.2% in the fourth quarter. United Bank now owns 8,172 shares of the technology company’s stock worth $1,796,000 after purchasing an additional 2,544 shares during the period. Physician Wealth Advisors Inc. bought a new stake in International Business Machines during the fourth quarter valued at $90,000. Finally, Retirement Investment Advisors Inc. raised its holdings in shares of International Business Machines by 42.0% during the fourth quarter. Retirement Investment Advisors Inc. now owns 3,750 shares of the technology company’s stock worth $824,000 after purchasing an additional 1,110 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 2.1 %

Shares of IBM stock opened at $249.19 on Tuesday. 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 quick ratio of 1.00 and a current ratio of 1.04. The business’s fifty day moving average is $249.99 and its 200-day moving average is $231.88. The stock has a market cap of $231.06 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared 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 of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.68%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on 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 directly owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IBM. Bank of America boosted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Morgan Stanley increased their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research 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 for the company. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Finally, 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $231.13.

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.