SBI Securities Co. Ltd. Invests $19.56 Million in International Business Machines Co. (NYSE:IBM)

SBI Securities Co. Ltd. bought a new position in International Business Machines Co. (NYSE:IBM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 88,963 shares of the technology company’s stock, valued at approximately $19,557,000.

Several other institutional investors have also recently made changes to their positions in the company. Pettinga Financial Advisors LLC bought a new position in International Business Machines during the 3rd quarter valued at approximately $221,000. Focus Financial Network Inc. increased its position in International Business Machines by 3.2% during the 3rd quarter. Focus Financial Network Inc. now owns 6,557 shares of the technology company’s stock valued at $1,450,000 after buying an additional 206 shares in the last quarter. Campbell Wealth Management bought a new position in International Business Machines during the 3rd quarter valued at approximately $375,000. Lowe Brockenbrough & Co. Inc. increased its position in International Business Machines by 9.8% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 14,341 shares of the technology company’s stock valued at $3,171,000 after buying an additional 1,278 shares in the last quarter. Finally, Capital Advisors Inc. OK increased its position in International Business Machines by 1.0% during the 3rd quarter. Capital Advisors Inc. OK now owns 280,720 shares of the technology company’s stock valued at $62,062,000 after buying an additional 2,699 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price for the company. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Finally, StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $231.44.

International Business Machines Price Performance

NYSE IBM opened at $252.63 on Friday. The company has a market capitalization of $234.25 billion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business’s fifty day moving average is $238.37 and its 200 day moving average is $224.36. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. Sell-side analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. International Business Machines’s payout ratio is 104.21%.

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.