Xponance Inc. Has $29.91 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Xponance Inc. increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,061 shares of the technology company’s stock after purchasing an additional 6,253 shares during the quarter. Xponance Inc.’s holdings in International Business Machines were worth $29,910,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in International Business Machines by 2.2% during the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock worth $12,307,940,000 after purchasing an additional 1,200,803 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in International Business Machines by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company’s stock valued at $1,465,223,000 after acquiring an additional 126,547 shares during the period. FMR LLC increased its position in International Business Machines by 6.0% in the 3rd quarter. FMR LLC now owns 5,195,933 shares of the technology company’s stock valued at $1,148,717,000 after acquiring an additional 294,276 shares during the period. Raymond James Financial Inc. acquired a new position in International Business Machines in the 4th quarter valued at approximately $592,746,000. Finally, Holocene Advisors LP acquired a new position in International Business Machines in the 3rd quarter valued at approximately $573,306,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on IBM shares. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Morgan Stanley increased their price objective on shares of 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. Oppenheimer initiated coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective for the company. Finally, StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Up 1.9 %

International Business Machines stock opened at $253.00 on Tuesday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The firm has a market capitalization of $234.60 billion, a price-to-earnings ratio of 39.47, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The firm’s fifty day moving average price is $244.84 and its two-hundred day moving average price is $228.85. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. International Business Machines’s dividend payout ratio is currently 104.21%.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.