MWA Asset Management Boosts Stake in International Business Machines Co. (NYSE:IBM)

MWA Asset Management raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 92.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,287 shares of the technology company’s stock after buying an additional 2,542 shares during the period. MWA Asset Management’s holdings in International Business Machines were worth $1,162,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Meeder Asset Management Inc. grew its position in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after acquiring an additional 166 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $1,940,000. Tranquilli Financial Advisor LLC purchased a new position in International Business Machines in the 4th quarter worth about $373,000. Philip James Wealth Mangement LLC bought a new stake in International Business Machines during the 3rd quarter valued at about $5,117,000. Finally, Nordea Investment Management AB boosted its position in International Business Machines by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock valued at $16,615,000 after buying an additional 4,625 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $252.31 on Friday. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The firm’s fifty day simple moving average is $229.26 and its two-hundred day simple moving average is $216.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $233.30 billion, a P/E ratio of 39.36, a P/E/G ratio of 5.63 and a beta of 0.76.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (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%. Analysts forecast that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 104.21%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBM. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $225.53.

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.