Silverberg Bernstein Capital Management LLC Invests $1.71 Million in International Business Machines Co. (NYSE:IBM)

Silverberg Bernstein Capital Management LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 10,470 shares of the technology company’s stock, valued at approximately $1,712,000. International Business Machines comprises approximately 1.6% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 12th biggest holding.

Several other large investors also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC boosted its holdings in International Business Machines by 98,797.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after purchasing an additional 11,017,849 shares during the last quarter. Norges Bank acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $876,014,000. Morgan Stanley lifted its holdings in shares of International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after acquiring an additional 3,084,458 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of International Business Machines by 3.5% in the 2nd quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock worth $9,907,942,000 after acquiring an additional 2,483,682 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of International Business Machines by 35.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,460,023 shares of the technology company’s stock worth $579,892,000 after acquiring an additional 1,163,790 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IBM shares. Jefferies Financial Group started coverage on shares of International Business Machines in a report on Friday, January 5th. They set a “hold” rating and a $180.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Bank of America lifted their target price on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, BMO Capital Markets lifted their target price on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $176.85.

International Business Machines Stock Performance

NYSE:IBM opened at $188.50 on Wednesday. The firm has a 50 day simple moving average of $185.87 and a 200-day simple moving average of $163.70. 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 has a market cap of $172.81 billion, a PE ratio of 23.19, a P/E/G ratio of 3.70 and a beta of 0.70. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly 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 net margin of 12.13% and a return on equity of 39.55%. The firm had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter in the prior year, the business posted $3.60 earnings per share. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.52%. International Business Machines’s dividend payout ratio is currently 81.67%.

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.