International Business Machines Co. (NYSE:IBM) Stock Holdings Lifted by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated increased its position in International Business Machines Co. (NYSE:IBM) by 18.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,801 shares of the technology company’s stock after purchasing an additional 891 shares during the period. Silver Oak Securities Incorporated’s holdings in International Business Machines were worth $1,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its position in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after purchasing an additional 166 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new position in International Business Machines in the 4th quarter valued at approximately $1,940,000. Tranquilli Financial Advisor LLC purchased a new stake in International Business Machines in the 4th quarter worth approximately $373,000. Philip James Wealth Mangement LLC acquired a new stake in shares of International Business Machines during the 3rd quarter valued at $5,117,000. Finally, Nordea Investment Management AB grew its holdings in shares of International Business Machines by 6.5% during the 4th 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 currently owned by hedge funds and other institutional investors.

International Business Machines Trading Down 3.8 %

Shares of NYSE:IBM opened at $253.30 on Friday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. 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 company has a market cap of $234.21 billion, a P/E ratio of 39.52, a P/E/G ratio of 5.63 and a beta of 0.76. The stock’s 50-day moving average is $228.73 and its 200-day moving average is $216.19.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities research analysts predict that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Analysts Set New Price Targets

A number of research firms recently issued reports on IBM. UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Sanford C. Bernstein increased their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Finally, Morgan Stanley raised their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $225.53.

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.