International Business Machines Co. (NYSE:IBM) Shares Acquired by Hilltop National Bank

Hilltop National Bank increased its position in shares of International Business Machines Co. (NYSE:IBM) by 34.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,827 shares of the technology company’s stock after acquiring an additional 2,022 shares during the period. Hilltop National Bank’s holdings in International Business Machines were worth $1,721,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in shares of International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after purchasing an additional 166 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of International Business Machines during the second quarter worth $7,160,000. Philip James Wealth Mangement LLC purchased a new stake in shares of International Business Machines during the third quarter valued at $5,117,000. Nordea Investment Management AB boosted its position in shares of International Business Machines by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock valued at $16,615,000 after purchasing an additional 4,625 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in International Business Machines during the third quarter valued at about $24,761,000. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IBM shares. Jefferies Financial Group upped their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Bernstein Bank lifted their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, BMO Capital Markets raised their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus target price of $214.88.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines 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 transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.

International Business Machines Stock Down 1.9 %

NYSE IBM traded down $4.32 during trading on Friday, hitting $218.86. 727,365 shares of the company traded hands, compared to its average volume of 2,641,061. International Business Machines Co. has a 12 month low of $160.29 and a 12 month high of $239.35. The business has a fifty day simple moving average of $221.70 and a 200 day simple moving average of $208.69. The company has a market capitalization of $202.37 billion, a P/E ratio of 31.86, a PEG ratio of 5.18 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $2.20 EPS. As a group, sell-side analysts predict that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio is currently 97.23%.

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.