Metis Global Partners LLC Grows Stock Position in International Business Machines Co. (NYSE:IBM)

Metis Global Partners LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,964 shares of the technology company’s stock after purchasing an additional 1,482 shares during the quarter. Metis Global Partners LLC’s holdings in International Business Machines were worth $13,622,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Pettinga Financial Advisors LLC acquired a new position in International Business Machines during the third quarter worth about $221,000. Congress Asset Management Co. purchased a new position in International Business Machines in the 3rd quarter worth approximately $11,809,000. Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of International Business Machines during the 3rd quarter worth approximately $267,000. Summit Wealth Partners LLC grew its position in shares of International Business Machines by 5.5% in the third quarter. Summit Wealth Partners LLC now owns 1,934 shares of the technology company’s stock valued at $428,000 after purchasing an additional 101 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of International Business Machines by 4.5% in the third quarter. Stephens Inc. AR now owns 70,695 shares of the technology company’s stock valued at $15,629,000 after purchasing an additional 3,075 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Down 0.2 %

Shares of IBM stock opened at $252.63 on Friday. The stock has a market capitalization of $234.25 billion, a P/E ratio of 39.41, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a 50 day moving average price of $238.37 and a 200 day moving average price of $224.13.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Wall Street Analyst Weigh In

IBM has been the subject of several analyst reports. Jefferies Financial Group upped their target price on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Wedbush initiated coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. BMO Capital Markets raised their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Bank of America upped their price objective on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $231.44.

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.