International Business Machines Corporation $IBM Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 6.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,600 shares of the technology company’s stock after purchasing an additional 2,000 shares during the period. Alberta Investment Management Corp’s holdings in International Business Machines were worth $8,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Mattson Financial Services LLC purchased a new position in International Business Machines during the third quarter valued at approximately $852,000. Vise Technologies Inc. purchased a new position in shares of International Business Machines during the 2nd quarter valued at $16,565,000. Vanguard Group Inc. increased its stake in shares of International Business Machines by 2.1% in the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock worth $28,019,274,000 after acquiring an additional 1,913,708 shares during the last quarter. Thames Capital Management LLC purchased a new stake in shares of International Business Machines during the second quarter worth $2,710,000. Finally, Twin Capital Management Inc. grew its stake in International Business Machines by 147.6% in the second quarter. Twin Capital Management Inc. now owns 19,932 shares of the technology company’s stock valued at $5,876,000 after purchasing an additional 11,882 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $260.96 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67. The firm has a 50-day moving average price of $296.22 and a 200 day moving average price of $284.16. The firm has a market capitalization of $243.92 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.59 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.33 by $0.19. The company had revenue of $19.69 billion for the quarter, compared to analyst estimates of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.92 EPS. Research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 10th. International Business Machines’s payout ratio is presently 60.27%.

Insider Transactions at International Business Machines

In related news, Director David N. Farr acquired 1,000 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were purchased at an average price of $304.00 per share, with a total value of $304,000.00. Following the acquisition, the director directly owned 9,258 shares in the company, valued at $2,814,432. The trade was a 12.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on International Business Machines from $360.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $312.00 to $317.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of International Business Machines in a research note on Thursday, January 22nd. Stifel Nicolaus raised their price target on shares of International Business Machines from $325.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.07.

International Business Machines Company Profile

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.