Trust Investment Advisors Has $1.96 Million Stake in International Business Machines Co. (NYSE:IBM)

Trust Investment Advisors grew its position in International Business Machines Co. (NYSE:IBM) by 11.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,963 shares of the technology company’s stock after purchasing an additional 1,240 shares during the quarter. International Business Machines comprises 1.5% of Trust Investment Advisors’ portfolio, making the stock its 11th biggest holding. Trust Investment Advisors’ holdings in International Business Machines were worth $1,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Xponance Inc. boosted its stake in International Business Machines by 7.6% in the fourth quarter. Xponance Inc. now owns 121,641 shares of the technology company’s stock valued at $19,894,000 after buying an additional 8,597 shares in the last quarter. Cambridge Trust Co. lifted its holdings in shares of International Business Machines by 21.6% in the fourth quarter. Cambridge Trust Co. now owns 16,435 shares of the technology company’s stock worth $2,686,000 after acquiring an additional 2,920 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of International Business Machines by 1.3% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 8,561 shares of the technology company’s stock valued at $1,397,000 after purchasing an additional 110 shares in the last quarter. Roman Butler Fullerton & Co. grew its holdings in shares of International Business Machines by 1.7% during the 4th quarter. Roman Butler Fullerton & Co. now owns 5,311 shares of the technology company’s stock valued at $869,000 after purchasing an additional 90 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of International Business Machines by 78.6% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,172 shares of the technology company’s stock valued at $355,000 after purchasing an additional 956 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on IBM shares. Stifel Nicolaus restated a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a research report on Wednesday. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America boosted their price target on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Societe Generale restated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $178.67.

International Business Machines Trading Down 0.9 %

International Business Machines stock traded down $1.63 during trading hours on Thursday, reaching $181.47. 2,885,881 shares of the company’s stock were exchanged, compared to its average volume of 4,803,901. The firm has a market capitalization of $166.36 billion, a PE ratio of 22.56, a PEG ratio of 3.60 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The firm’s 50 day simple moving average is $188.61 and its 200 day simple moving average is $168.54. 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 released its earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping 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 analysts’ expectations of $17.29 billion. During the same quarter last year, the firm posted $3.60 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

International Business Machines 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.