Versor Investments LP Acquires New Shares in International Business Machines Co. (NYSE:IBM)

Versor Investments LP acquired a new stake in International Business Machines Co. (NYSE:IBM) during the fourth quarter, Holdings Channel reports. The fund acquired 3,202 shares of the technology company’s stock, valued at approximately $704,000.

A number of other large investors have also recently added to or reduced their stakes in IBM. Pettinga Financial Advisors LLC acquired a new position in International Business Machines in the third quarter valued at approximately $221,000. Congress Asset Management Co. acquired a new position in International Business Machines in the third quarter valued at approximately $11,809,000. Baron Silver Stevens Financial Advisors LLC acquired a new position in International Business Machines in the third quarter valued at approximately $267,000. Summit Wealth Partners LLC lifted its stake in International Business Machines by 5.5% during the third quarter. Summit Wealth Partners LLC now owns 1,934 shares of the technology company’s stock worth $428,000 after purchasing an additional 101 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in International Business Machines by 4.5% during the third quarter. Stephens Inc. AR now owns 70,695 shares of the technology company’s stock worth $15,629,000 after purchasing an additional 3,075 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE:IBM opened at $252.63 on Friday. The firm has a market capitalization of $234.25 billion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. The business’s fifty day moving average price is $238.37 and its 200 day moving average price is $224.13. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Sanford C. Bernstein upped their price target on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Wedbush assumed coverage on International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating on the stock. Oppenheimer assumed coverage on International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Finally, Jefferies Financial Group upped their price target on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. 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. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $231.44.

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.