Anderson Hoagland & Co. Boosts Stock Position in International Business Machines Co. (NYSE:IBM)

Anderson Hoagland & Co. boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 98.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,640 shares of the technology company’s stock after acquiring an additional 17,721 shares during the quarter. Anderson Hoagland & Co.’s holdings in International Business Machines were worth $8,012,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the period. Brady Martz Wealth Solutions LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at about $1,940,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of International Business Machines during the second quarter worth about $7,160,000. Philip James Wealth Mangement LLC purchased a new stake in shares of International Business Machines during the third quarter worth approximately $5,117,000. Finally, Nordea Investment Management AB raised its holdings in International Business Machines by 6.5% in the fourth 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 in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.6 %

Shares of NYSE:IBM opened at $224.69 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market cap of $207.75 billion, a P/E ratio of 32.71, a P/E/G ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The firm has a fifty day moving average price of $224.33 and a 200 day moving average price of $212.32.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter in the previous year, the firm posted $2.20 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts predict that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s payout ratio is currently 97.23%.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IBM shares. JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research report on Thursday. Bernstein Bank raised their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research report on Thursday, October 24th. Jefferies Financial Group raised their target price on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, Bank of America upped their price target on International Business Machines from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $220.73.

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.