International Business Machines Co. (NYSE:IBM) Shares Bought by Chicago Capital LLC

Chicago Capital LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 31.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,192 shares of the technology company’s stock after purchasing an additional 3,144 shares during the quarter. Chicago Capital LLC’s holdings in International Business Machines were worth $2,900,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IBM. Meeder Asset Management Inc. boosted its holdings in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at $1,940,000. Philip James Wealth Mangement LLC purchased a new stake in International Business Machines during the 3rd quarter worth approximately $5,117,000. Nordea Investment Management AB grew its stake in International Business Machines by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after purchasing an additional 4,625 shares in the last quarter. Finally, M.E. Allison & CO. Inc. purchased a new position in shares of International Business Machines in the 4th quarter valued at about $1,034,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.1 %

Shares of NYSE IBM opened at $255.48 on Monday. 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 stock’s 50-day simple moving average is $226.61 and its 200-day simple moving average is $214.56. The firm has a market cap of $236.23 billion, a price-to-earnings ratio of 39.86, a PEG ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $261.80.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Analyst Upgrades and Downgrades

IBM has been the topic of several research analyst reports. Bank of America raised their target price on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday. Sanford C. Bernstein boosted their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Morgan Stanley raised their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $225.53.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction 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 in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by insiders.

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.