Webster Bank N. A. Boosts Stake in International Business Machines Co. (NYSE:IBM)

Webster Bank N. A. raised its holdings in shares of International Business Machines Co. (NYSE:IBMFree Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,131 shares of the technology company’s stock after buying an additional 62 shares during the quarter. Webster Bank N. A.’s holdings in International Business Machines were worth $1,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new position in International Business Machines during the second quarter worth about $28,000. Live Oak Investment Partners purchased a new position in International Business Machines during the fourth quarter worth about $30,000. Briaud Financial Planning Inc purchased a new position in International Business Machines during the third quarter worth about $31,000. Stone House Investment Management LLC boosted its holdings in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 1.1 %

Shares of NYSE:IBM opened at $190.94 on Thursday. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The firm has a market capitalization of $175.04 billion, a P/E ratio of 23.49, a P/E/G ratio of 3.70 and a beta of 0.70. The stock has a 50 day moving average price of $188.64 and a 200-day moving average price of $165.69. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

International Business Machines (NYSE:IBMGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the company earned $3.60 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.48%. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research reports. Bank of America upped their price objective on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Sanford C. Bernstein upped their price objective on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the company from $165.00 to $200.00 in a report on Friday, January 19th. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the company from $165.00 to $200.00 in a report on Friday, January 19th. Finally, BMO Capital Markets increased their target price on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.85.

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International Business Machines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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