UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 503,298 Shares of International Business Machines Corporation $IBM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,265,750 shares of the technology company’s stock after buying an additional 503,298 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.78% of International Business Machines worth $2,152,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Basepoint Wealth LLC bought a new position in shares of International Business Machines during the 4th quarter worth approximately $25,000. Family CFO Inc bought a new position in International Business Machines in the 4th quarter valued at $25,000. Joseph Group Capital Management bought a new position in International Business Machines in the 4th quarter valued at $28,000. SWAN Capital LLC bought a new position in International Business Machines in the 3rd quarter valued at $28,000. Finally, LFA Lugano Financial Advisors SA bought a new position in International Business Machines in the 4th quarter valued at $31,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.1%

Shares of International Business Machines stock opened at $271.77 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46. The business has a fifty day simple moving average of $250.02 and a 200 day simple moving average of $270.34. The stock has a market cap of $255.43 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 2.85 and a beta of 0.67.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. During the same period in the previous year, the firm earned $1.60 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts predict that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a $1.69 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 2.5%. International Business Machines’s payout ratio is presently 59.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays assumed coverage on International Business Machines in a research report on Monday, June 1st. They set an “overweight” rating and a $350.00 target price for the company. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Morgan Stanley lifted their price objective on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. BMO Capital Markets decreased their price objective on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. Finally, HSBC raised International Business Machines from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $218.00 to $231.00 in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $304.17.

About International Business Machines

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.