CNB Bank Has $391,000 Position in International Business Machines Co. (NYSE:IBM)

CNB Bank boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,392 shares of the technology company’s stock after buying an additional 127 shares during the period. CNB Bank’s holdings in International Business Machines were worth $391,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in shares of International Business Machines by 97.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after acquiring an additional 127,093 shares during the period. Roundview Capital LLC bought a new position in shares of International Business Machines in the first quarter valued at about $203,000. Sei Investments Co. raised its holdings in shares of International Business Machines by 35.7% in the first quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after buying an additional 46,756 shares during the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of International Business Machines by 1.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after buying an additional 1,821 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of International Business Machines by 1.5% in the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after buying an additional 5,506 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 0.1 %

Shares of International Business Machines stock traded up $0.11 during trading on Friday, hitting $181.58. 3,037,990 shares of the company were exchanged, compared to its average volume of 3,055,452. 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 firm’s fifty day moving average price is $188.46 and its 200 day moving average price is $168.91. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The firm has a market capitalization of $166.46 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70.

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, beating the consensus estimate 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 business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same period in the previous year, the firm earned $3.60 EPS. International Business Machines’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that International Business Machines Co. will post 10.04 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors 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 annualized dividend and a dividend yield of 3.66%. International Business Machines’s dividend payout ratio is presently 81.67%.

Analyst Ratings Changes

IBM has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Wednesday. Societe Generale reissued a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Sanford C. Bernstein boosted 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. Finally, StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $178.67.

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.