Haverford Trust Co Grows Stock Holdings in International Business Machines Co. (NYSE:IBM)

Haverford Trust Co boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,659 shares of the technology company’s stock after purchasing an additional 525 shares during the period. Haverford Trust Co’s holdings in International Business Machines were worth $4,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. United Bank boosted its stake in shares of International Business Machines by 53.3% during the 3rd quarter. United Bank now owns 5,628 shares of the technology company’s stock valued at $1,244,000 after purchasing an additional 1,956 shares in the last quarter. Quest Partners LLC boosted its position in International Business Machines by 23,700.0% during the 3rd quarter. Quest Partners LLC now owns 238 shares of the technology company’s stock valued at $53,000 after acquiring an additional 237 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of International Business Machines by 23.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 95,529 shares of the technology company’s stock worth $21,120,000 after acquiring an additional 18,340 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of International Business Machines by 1.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,649 shares of the technology company’s stock worth $3,239,000 after acquiring an additional 180 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in shares of International Business Machines by 15.9% in the 3rd quarter. Summit Trail Advisors LLC now owns 9,181 shares of the technology company’s stock valued at $2,030,000 after purchasing an additional 1,257 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Sanford C. Bernstein increased their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Oppenheimer assumed coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective on the stock. Morgan Stanley raised 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 note on Thursday, January 30th. Finally, Bank of America boosted their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $231.44.

Insider Transactions at International Business Machines

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

International Business Machines Price Performance

NYSE IBM opened at $248.49 on Tuesday. 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 stock has a 50-day moving average of $247.40 and a 200 day moving average of $230.42. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The company has a market capitalization of $230.42 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.69%. International Business Machines’s payout ratio is presently 104.21%.

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.