International Business Machines Co. (NYSE:IBM) Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 3.6% in the 4th quarter, Holdings Channel reports. The fund owned 6,536 shares of the technology company’s stock after acquiring an additional 229 shares during the period. Koshinski Asset Management Inc.’s holdings in International Business Machines were worth $1,069,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Natixis Advisors L.P. lifted its position in shares of International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 57,170 shares during the last quarter. Herold Advisors Inc. lifted its position in shares of International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after purchasing an additional 688 shares during the last quarter. Tsfg LLC lifted its position in shares of International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after purchasing an additional 109 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of International Business Machines during the third quarter worth about $661,000. Finally, Silicon Valley Capital Partners lifted its position in shares of International Business Machines by 33.6% during the third quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock worth $4,524,000 after purchasing an additional 8,117 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America increased their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. BMO Capital Markets raised their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Stifel Nicolaus raised their target price on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Sanford C. Bernstein raised their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $176.85.

International Business Machines Stock Performance

Shares of NYSE IBM traded down $3.63 during midday trading on Friday, hitting $182.27. 3,547,378 shares of the company’s stock were exchanged, compared to its average volume of 3,623,920. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The stock’s 50 day moving average price is $188.66 and its 200-day moving average price is $167.51. The firm has a market cap of $167.09 billion, a P/E ratio of 22.42, a PEG ratio of 3.64 and a beta of 0.70. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.60 earnings per share. Equities research analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.64%. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

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.