Quadrant Capital Group LLC Grows Stock Position in International Business Machines Co. (NYSE:IBM)

Quadrant Capital Group LLC boosted its position in International Business Machines Co. (NYSE:IBM) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,279 shares of the technology company’s stock after purchasing an additional 571 shares during the quarter. Quadrant Capital Group LLC’s holdings in International Business Machines were worth $1,600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirabaud Asset Management Ltd lifted its stake in International Business Machines by 44.5% in the 4th quarter. Mirabaud Asset Management Ltd now owns 5,296 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 1,632 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co lifted its position in International Business Machines by 35.0% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 77,168 shares of the technology company’s stock worth $16,964,000 after buying an additional 20,000 shares in the last quarter. Wedbush Securities Inc. boosted its stake in International Business Machines by 9.2% during the fourth quarter. Wedbush Securities Inc. now owns 58,791 shares of the technology company’s stock worth $12,924,000 after buying an additional 4,934 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in International Business Machines by 0.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,361,646 shares of the technology company’s stock valued at $299,331,000 after buying an additional 3,573 shares in the last quarter. Finally, Perennial Investment Advisors LLC increased its stake in shares of International Business Machines by 5.2% in the 4th quarter. Perennial Investment Advisors LLC now owns 5,056 shares of the technology company’s stock worth $1,111,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 6.6 %

International Business Machines stock opened at $227.31 on Monday. The stock’s fifty day simple moving average is $251.46 and its 200-day simple moving average is $232.66. 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 Co. has a twelve month low of $162.62 and a twelve month high of $266.45. The firm has a market capitalization of $210.78 billion, a P/E ratio of 35.46, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. As a group, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.94%. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Jefferies Financial Group reduced their price target on shares of International Business Machines from $270.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, March 31st. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $231.13.

About International Business Machines

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.