Union Savings Bank Has $451,000 Position in International Business Machines Co. (NYSE:IBM)

Union Savings Bank increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,051 shares of the technology company’s stock after purchasing an additional 97 shares during the quarter. Union Savings Bank’s holdings in International Business Machines were worth $451,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. Sei Investments Co. boosted its stake in shares of International Business Machines by 18.6% during the second quarter. Sei Investments Co. now owns 250,229 shares of the technology company’s stock valued at $43,276,000 after purchasing an additional 39,212 shares in the last quarter. Summit Trail Advisors LLC boosted its position in International Business Machines by 11.9% during the 2nd quarter. Summit Trail Advisors LLC now owns 7,924 shares of the technology company’s stock worth $1,370,000 after buying an additional 843 shares during the period. Westwood Holdings Group Inc. grew its holdings in International Business Machines by 17.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 134,248 shares of the technology company’s stock worth $23,218,000 after acquiring an additional 20,412 shares during the last quarter. Ensign Peak Advisors Inc increased its position in International Business Machines by 1.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 475,544 shares of the technology company’s stock valued at $82,245,000 after acquiring an additional 6,830 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of International Business Machines by 7.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 156,361 shares of the technology company’s stock valued at $27,043,000 after acquiring an additional 10,330 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on IBM shares. Bernstein Bank boosted their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group increased their price target on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. BMO Capital Markets upped their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group upped their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $216.87.

International Business Machines Stock Performance

Shares of IBM opened at $224.73 on Monday. The stock has a 50-day moving average of $222.87 and a 200-day moving average of $210.89. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The company has a market cap of $207.80 billion, a PE ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts predict that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

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.