1,345 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Bank OZK

Bank OZK purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,345 shares of the technology company’s stock, valued at approximately $220,000.

Other large investors have also recently made changes to their positions in the company. Naples Money Management LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at about $28,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines during the 3rd quarter valued at approximately $31,000. Stone House Investment Management LLC lifted its position in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its stake in International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 91 shares during the period. Finally, Cordant Inc. increased its position in International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after acquiring an additional 226 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

NYSE:IBM traded down $1.78 during trading hours on Friday, reaching $167.13. The company had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. The firm has a market cap of $153.21 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The business’s 50 day moving average price is $187.60 and its 200-day moving average price is $170.34. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 0.93.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 EPS. Research analysts forecast that International Business Machines Co. will post 9.99 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 75.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on IBM shares. JPMorgan Chase & Co. dropped their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday. Societe Generale reaffirmed a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research note on Friday, January 5th. UBS Group raised their price target on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research note on Monday, April 22nd. Wedbush increased their target price on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Bank of America lifted their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $184.08.

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.