Simmons Bank Has $2.53 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Simmons Bank lessened its holdings in International Business Machines Co. (NYSE:IBM) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,453 shares of the technology company’s stock after selling 193 shares during the period. Simmons Bank’s holdings in International Business Machines were worth $2,527,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IBM. WESPAC Advisors LLC bought a new stake in International Business Machines during the third quarter worth approximately $204,000. Cambridge Trust Co. lifted its stake in shares of International Business Machines by 0.9% in the third quarter. Cambridge Trust Co. now owns 13,515 shares of the technology company’s stock worth $1,896,000 after buying an additional 120 shares during the last quarter. Washington Capital Management Inc. bought a new stake in shares of International Business Machines during the 3rd quarter worth $955,000. Mirae Asset Global Investments Co. Ltd. grew its stake in International Business Machines by 19.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 485,616 shares of the technology company’s stock valued at $68,141,000 after buying an additional 78,990 shares during the last quarter. Finally, Kanawha Capital Management LLC raised its holdings in International Business Machines by 1.5% in the 3rd quarter. Kanawha Capital Management LLC now owns 56,422 shares of the technology company’s stock worth $7,916,000 after acquiring an additional 822 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

NYSE IBM traded down $0.24 on Tuesday, reaching $168.37. The company’s stock had a trading volume of 3,154,776 shares, compared to its average volume of 4,949,592. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. 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 cap of $154.66 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The business has a 50-day moving average price of $185.11 and a 200 day moving average price of $171.88.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. Sell-side analysts expect that International Business Machines Co. will post 9.92 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a dividend of $1.67 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, May 9th. International Business Machines’s dividend payout ratio is currently 75.20%.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a research note on Wednesday, April 17th. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Bank of America boosted their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Jefferies Financial Group reduced their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average 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.