International Business Machines Co. (NYSE:IBM) Shares Acquired by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. increased its position in shares of International Business Machines Co. (NYSE:IBM) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,457 shares of the technology company’s stock after acquiring an additional 2,758 shares during the quarter. International Business Machines accounts for about 2.8% of SGL Investment Advisors Inc.’s holdings, making the stock its 8th largest position. SGL Investment Advisors Inc.’s holdings in International Business Machines were worth $5,376,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Rafferty Asset Management LLC grew its stake in International Business Machines by 0.4% in the 4th quarter. Rafferty Asset Management LLC now owns 319,163 shares of the technology company’s stock valued at $70,162,000 after buying an additional 1,332 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in International Business Machines in the 4th quarter valued at $19,534,000. Quadcap Wealth Management LLC boosted its holdings in International Business Machines by 19.5% in the 4th quarter. Quadcap Wealth Management LLC now owns 3,903 shares of the technology company’s stock valued at $858,000 after purchasing an additional 637 shares during the period. Quantinno Capital Management LP boosted its holdings in International Business Machines by 52.8% in the 4th quarter. Quantinno Capital Management LP now owns 51,152 shares of the technology company’s stock valued at $11,245,000 after purchasing an additional 17,684 shares during the period. Finally, Pathstone Holdings LLC lifted its holdings in shares of International Business Machines by 1.2% during the 4th quarter. Pathstone Holdings LLC now owns 116,500 shares of the technology company’s stock worth $25,604,000 after acquiring an additional 1,407 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This trade represents a 37.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Bank of America lifted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target 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. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the company a “hold” rating in a report on Thursday, April 24th. UBS Group restated a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.06.

International Business Machines Stock Up 3.4%

Shares of IBM stock opened at $266.55 on Friday. 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 $163.53 and a 1 year high of $268.08. The firm’s fifty day moving average price is $243.38 and its two-hundred day moving average price is $235.88. The firm has a market capitalization of $247.73 billion, a P/E ratio of 41.58, a PEG ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter last year, the firm posted $1.68 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.52%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

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.