Quadrant Capital Group LLC increased its holdings in International Business Machines Corp. (NYSE:IBM) by 10.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,024 shares of the technology company’s stock after purchasing an additional 390 shares during the period. Quadrant Capital Group LLC’s holdings in International Business Machines were worth $603,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. ETF Managers Group LLC purchased a new stake in shares of International Business Machines in the 2nd quarter valued at $121,000. Price Wealth Management Inc. purchased a new stake in shares of International Business Machines in the 4th quarter valued at $122,000. Cerebellum GP LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at $126,000. Horan Capital Advisors LLC. purchased a new stake in shares of International Business Machines in the 3rd quarter valued at $136,000. Finally, Risk Paradigm Group LLC purchased a new stake in shares of International Business Machines in the 2nd quarter valued at $165,000. 57.10% of the stock is owned by institutional investors.
Shares of International Business Machines Corp. (NYSE:IBM) opened at $159.61 on Friday. International Business Machines Corp. has a 12-month low of $139.13 and a 12-month high of $179.00. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The company has a market cap of $147,030.00, a PE ratio of 13.26, a PEG ratio of 2.31 and a beta of 0.94.
The business also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were given a $1.50 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.00 annualized dividend and a dividend yield of 3.76%. International Business Machines’s dividend payout ratio is 49.83%.
A number of equities research analysts have recently issued reports on IBM shares. Pivotal Research set a $180.00 price objective on shares of International Business Machines and gave the company a “buy” rating in a research note on Thursday, January 18th. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of International Business Machines in a research note on Friday, January 19th. Tigress Financial reaffirmed a “buy” rating on shares of International Business Machines in a research note on Friday, December 1st. Vetr cut shares of International Business Machines from a “strong-buy” rating to a “buy” rating and set a $173.45 price target for the company. in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $180.00 price target on shares of International Business Machines in a research report on Friday, January 19th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $166.01.
In related news, insider Diane J. Gherson sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.00, for a total value of $780,000.00. Following the completion of the transaction, the insider now directly owns 20,581 shares in the company, valued at approximately $3,210,636. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frederick H. Waddell purchased 610 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average price of $163.38 per share, with a total value of $99,661.80. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company’s stock.
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International Business Machines Company Profile
International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.
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