Massachusetts Financial Services Co. MA Has $57.33 Million Position in International Business Machines Co. (NYSE:IBM)

Massachusetts Financial Services Co. MA boosted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 173.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,784 shares of the technology company’s stock after buying an additional 165,255 shares during the period. Massachusetts Financial Services Co. MA’s holdings in International Business Machines were worth $57,328,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Compass Financial Services Inc acquired a new position in International Business Machines during the 4th quarter valued at about $26,000. Vision Financial Markets LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $31,000. Avondale Wealth Management grew its holdings in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares in the last quarter. Valued Wealth Advisors LLC raised its position in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after buying an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in International Business Machines during the 4th quarter valued at $35,000. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Jefferies Financial Group reduced their target price on International Business Machines from $270.00 to $265.00 and set a “hold” rating for the company in a report on Monday, March 31st. Bank of America lifted their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Sanford C. Bernstein upped their price objective on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $231.13.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

International Business Machines Stock Down 6.6 %

International Business Machines stock opened at $227.31 on Friday. The firm has a market capitalization of $210.78 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 5.81 and a beta of 0.67. The firm has a 50 day simple moving average of $251.46 and a 200 day simple moving average of $232.54. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (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, analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.94%. International Business Machines’s dividend payout ratio (DPR) is currently 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.