B. Metzler seel. Sohn & Co. AG Purchases 824 Shares of International Business Machines Co. (NYSE:IBM)

B. Metzler seel. Sohn & Co. AG increased its position in International Business Machines Co. (NYSE:IBM) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,008 shares of the technology company’s stock after buying an additional 824 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in International Business Machines were worth $13,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in IBM. Seven Mile Advisory raised its stake in shares of International Business Machines by 70.7% during the fourth quarter. Seven Mile Advisory now owns 1,567 shares of the technology company’s stock valued at $344,000 after acquiring an additional 649 shares during the last quarter. Summit Financial LLC increased its holdings in International Business Machines by 67.1% in the fourth quarter. Summit Financial LLC now owns 23,394 shares of the technology company’s stock valued at $5,143,000 after purchasing an additional 9,393 shares during the period. Hoey Investments Inc. lifted its holdings in International Business Machines by 93.8% during the 4th quarter. Hoey Investments Inc. now owns 1,926 shares of the technology company’s stock worth $423,000 after buying an additional 932 shares during the period. Alliancebernstein L.P. grew its position in shares of International Business Machines by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 1,591,471 shares of the technology company’s stock valued at $349,853,000 after buying an additional 206,944 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of International Business Machines by 1.4% in the fourth quarter. Wellington Management Group LLP now owns 231,021 shares of the technology company’s stock worth $50,785,000 after acquiring an additional 3,206 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $243.83 on Monday. The company has a fifty day moving average price of $249.51 and a 200-day moving average price of $231.62. The firm has a market cap of $226.10 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45.

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

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wedbush assumed coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating for the company. Morgan Stanley boosted their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Bank of America raised their price objective on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $231.44.

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.