4,891 Shares in International Business Machines Corporation $IBM Acquired by Greenspring Advisors LLC

Greenspring Advisors LLC acquired a new position in International Business Machines Corporation (NYSE:IBMFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,891 shares of the technology company’s stock, valued at approximately $1,449,000.

Several other institutional investors also recently modified their holdings of IBM. Norges Bank bought a new position in shares of International Business Machines in the fourth quarter worth approximately $2,446,429,000. Capital World Investors increased its position in shares of International Business Machines by 13.9% in the third quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock worth $4,809,461,000 after purchasing an additional 2,077,506 shares during the last quarter. Vanguard Group Inc. increased its position in shares of International Business Machines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after purchasing an additional 1,439,824 shares during the last quarter. First Trust Advisors LP increased its position in shares of International Business Machines by 39.6% in the third quarter. First Trust Advisors LP now owns 3,052,880 shares of the technology company’s stock worth $861,401,000 after purchasing an additional 865,253 shares during the last quarter. Finally, Valpey Financial Services LLC increased its position in shares of International Business Machines by 27,670.9% in the fourth quarter. Valpey Financial Services LLC now owns 867,007 shares of the technology company’s stock worth $256,816,000 after purchasing an additional 863,885 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 6.9%

Shares of NYSE IBM opened at $306.36 on Thursday. International Business Machines Corporation has a one year low of $212.34 and a one year high of $332.46. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The firm’s 50 day simple moving average is $244.38 and its two-hundred day simple moving average is $270.87. The stock has a market capitalization of $287.95 billion, a P/E ratio of 27.09, a PEG ratio of 3.41 and a beta of 0.67.

International Business Machines (NYSE:IBMGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. During the same period last year, the business earned $1.60 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, analysts expect that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a $1.69 dividend. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is 59.77%.

Analyst Ratings Changes

IBM has been the topic of several research analyst reports. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective on the stock in a research report on Friday, April 24th. Needham & Company LLC initiated coverage on shares of International Business Machines in a research report on Wednesday. They set a “buy” rating on the stock. Citigroup increased their price target on shares of International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of International Business Machines in a research report on Thursday, May 28th. Finally, Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $304.17.

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About International Business Machines

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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