First Hawaiian Bank Increases Position in International Business Machines Co. (NYSE:IBM)

First Hawaiian Bank lifted its holdings in International Business Machines Co. (NYSE:IBM) by 6.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,722 shares of the technology company’s stock after purchasing an additional 985 shares during the period. First Hawaiian Bank’s holdings in International Business Machines were worth $3,456,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Hazlett Burt & Watson Inc. lifted its position in shares of International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC purchased a new position in shares of International Business Machines during the third quarter worth approximately $29,000. Oliver Lagore Vanvalin Investment Group bought a new position in International Business Machines in the second quarter worth approximately $36,000. Modus Advisors LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at $40,000. Finally, Capital Performance Advisors LLP bought a new position in shares of International Business Machines during the third quarter valued at approximately $43,000. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

IBM has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. Evercore ISI boosted their target price on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group raised their price target on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Wednesday, October 2nd. Finally, Bank of America upped their target price on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $214.88.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Price Performance

NYSE IBM traded down $0.81 during trading hours on Wednesday, reaching $223.15. The company’s stock had a trading volume of 2,590,256 shares, compared to its average volume of 3,037,873. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 1-year low of $159.51 and a 1-year high of $239.35. The company’s 50-day moving average is $221.01 and its two-hundred day moving average is $208.49. The firm has a market capitalization of $206.33 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. On average, equities analysts predict that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.99%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

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.