JBR Co Financial Management Inc Purchases 40 Shares of International Business Machines Co. (NYSE:IBM)

JBR Co Financial Management Inc boosted its position in International Business Machines Co. (NYSE:IBM) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,390 shares of the technology company’s stock after purchasing an additional 40 shares during the period. JBR Co Financial Management Inc’s holdings in International Business Machines were worth $1,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBM. Holocene Advisors LP bought a new position in shares of International Business Machines during the 3rd quarter valued at approximately $573,306,000. State Street Corp grew its position in shares of International Business Machines by 2.2% during the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock valued at $12,307,940,000 after acquiring an additional 1,200,803 shares during the period. KBC Group NV grew its position in shares of International Business Machines by 90.4% during the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock valued at $370,909,000 after acquiring an additional 800,930 shares during the period. Strategic Financial Concepts LLC grew its position in shares of International Business Machines by 23,311.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company’s stock valued at $153,262,000 after acquiring an additional 694,204 shares during the period. Finally, Eagle Asset Management Inc. grew its position in shares of International Business Machines by 587.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company’s stock valued at $134,262,000 after acquiring an additional 536,785 shares during the period. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. Wedbush began coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating for the company. UBS Group upped their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. BMO Capital Markets upped their price objective 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. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group upped their price objective on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $231.44.

International Business Machines Trading Down 1.1 %

IBM opened at $261.77 on Friday. The business has a 50 day simple moving average of $235.27 and a two-hundred day simple moving average of $222.05. The firm has a market capitalization of $242.05 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 5.81 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

International Business Machines Company 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.