International Business Machines Co. (NYSE:IBM) Shares Bought by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC grew its position in International Business Machines Co. (NYSE:IBM) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,907 shares of the technology company’s stock after buying an additional 3,782 shares during the quarter. International Business Machines accounts for approximately 1.4% of Reynders McVeigh Capital Management LLC’s holdings, making the stock its 28th biggest holding. Reynders McVeigh Capital Management LLC’s holdings in International Business Machines were worth $26,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SageView Advisory Group LLC raised its stake in International Business Machines by 46.7% during the fourth quarter. SageView Advisory Group LLC now owns 10,018 shares of the technology company’s stock worth $2,202,000 after purchasing an additional 3,189 shares during the period. Carson Advisory Inc. increased its holdings in shares of International Business Machines by 1.7% during the 4th quarter. Carson Advisory Inc. now owns 14,765 shares of the technology company’s stock worth $3,246,000 after buying an additional 250 shares during the last quarter. Keystone Financial Group raised its position in shares of International Business Machines by 31.4% in the 4th quarter. Keystone Financial Group now owns 4,748 shares of the technology company’s stock worth $1,044,000 after buying an additional 1,135 shares during the period. Fiducient Advisors LLC grew its position in International Business Machines by 13.6% during the fourth quarter. Fiducient Advisors LLC now owns 1,672 shares of the technology company’s stock valued at $368,000 after acquiring an additional 200 shares during the period. Finally, Savvy Advisors Inc. grew its position in International Business Machines by 0.6% during the fourth quarter. Savvy Advisors Inc. now owns 14,127 shares of the technology company’s stock valued at $3,106,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $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 accessible through this link. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on IBM shares. BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Finally, Sanford C. Bernstein increased their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $231.13.

International Business Machines Stock Performance

NYSE:IBM opened at $235.49 on Friday. The firm has a 50 day moving average of $249.14 and a 200-day moving average of $232.95. 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 1 year low of $162.62 and a 1 year high of $266.45. The stock has a market capitalization of $218.37 billion, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67.

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 net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.84%. International Business Machines’s payout ratio is 104.21%.

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.