Ontario Teachers Pension Plan Board Purchases 1,147 Shares of International Business Machines Co. (NYSE:IBM)

Ontario Teachers Pension Plan Board lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 9.8% during the fourth quarter, HoldingsChannel reports. The firm owned 12,882 shares of the technology company’s stock after buying an additional 1,147 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in International Business Machines were worth $2,107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Naples Money Management LLC bought a new stake in International Business Machines in the 4th quarter valued at $28,000. Stone House Investment Management LLC lifted its position in International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. lifted its position in International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Cordant Inc. increased its stake in International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after buying an additional 226 shares during the last quarter. Finally, Newton One Investments LLC acquired a new stake in International Business Machines in the 4th quarter valued at $45,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

NYSE IBM traded up $0.17 during trading on Friday, reaching $170.84. The company’s stock had a trading volume of 478,170 shares, compared to its average volume of 4,729,969. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $156.93 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 4.28 and a beta of 0.74. International Business Machines Co. has a 12 month low of $125.01 and a 12 month high of $199.18. The firm has a 50 day moving average price of $179.53 and a 200 day moving average price of $173.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines Co. will post 9.91 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is 75.65%.

Analyst Ratings Changes

Several equities research analysts have issued reports on IBM shares. JPMorgan Chase & Co. lowered their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research note on Thursday, May 16th. Bank of America lifted their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Morgan Stanley lowered their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Finally, Jefferies Financial Group lowered their price objective on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $181.29.

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.