International Business Machines Co. (NYSE:IBM) Shares Bought by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 26.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,398 shares of the technology company’s stock after acquiring an additional 1,768 shares during the period. International Business Machines comprises about 0.8% of Carl P. Sherr & Co. LLC’s holdings, making the stock its 29th biggest position. Carl P. Sherr & Co. LLC’s holdings in International Business Machines were worth $1,374,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. boosted its position in International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares in the last quarter. Natixis Advisors L.P. boosted its position in shares of International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after buying an additional 57,170 shares in the last quarter. Herold Advisors Inc. grew its stake in International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after acquiring an additional 688 shares during the last quarter. Tsfg LLC increased its holdings in International Business Machines by 40.5% during the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in International Business Machines during the third quarter worth about $661,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IBM shares. Stifel Nicolaus raised their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets upped their price objective on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Societe Generale reaffirmed a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. Royal Bank of Canada boosted their target price on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group started coverage on shares of International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $178.08.

International Business Machines Trading Up 1.4 %

Shares of International Business Machines stock traded up $2.50 during trading hours on Wednesday, hitting $183.75. The company’s stock had a trading volume of 4,473,654 shares, compared to its average volume of 3,265,758. The business has a fifty day moving average of $188.63 and a 200 day moving average of $168.44. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $168.45 billion, a PE ratio of 22.60, a P/E/G ratio of 3.55 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same period in the prior year, the firm earned $3.60 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts forecast that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 81.67%.

About International Business Machines

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.