Bank OZK Increases Position in International Business Machines Corporation $IBM

Bank OZK raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 24.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,556 shares of the technology company’s stock after purchasing an additional 2,058 shares during the period. International Business Machines makes up approximately 1.1% of Bank OZK’s holdings, making the stock its 28th largest holding. Bank OZK’s holdings in International Business Machines were worth $2,625,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IBM. Brighton Jones LLC raised its position in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares in the last quarter. MML Investors Services LLC raised its position in International Business Machines by 3.5% during the fourth quarter. MML Investors Services LLC now owns 171,485 shares of the technology company’s stock valued at $37,698,000 after purchasing an additional 5,857 shares in the last quarter. Transce3nd LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $129,000. Wealth Dimensions Group Ltd. raised its position in International Business Machines by 1.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company’s stock valued at $873,000 after purchasing an additional 40 shares in the last quarter. Finally, Stifel Financial Corp raised its position in International Business Machines by 0.4% during the fourth quarter. Stifel Financial Corp now owns 1,929,002 shares of the technology company’s stock valued at $424,068,000 after purchasing an additional 6,875 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.1%

NYSE IBM opened at $239.39 on Tuesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $222.49 billion, a PE ratio of 38.86, a PEG ratio of 3.69 and a beta of 0.69. International Business Machines Corporation has a 1 year low of $193.71 and a 1 year high of $296.16. The business’s 50-day moving average is $272.63 and its 200 day moving average is $258.55.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.43 EPS. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

Wall Street Analyst Weigh In

IBM has been the topic of a number of research reports. Citigroup restated an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Morgan Stanley decreased their price objective on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a “hold” rating in a report on Thursday, April 24th. Finally, Bank of America decreased their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $268.75.

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.