GAM Holding AG Invests $1.25 Million in International Business Machines Co. (NYSE:IBM)

GAM Holding AG purchased a new position in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,670 shares of the technology company’s stock, valued at approximately $1,246,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in International Business Machines by 1.4% in the fourth quarter. Venturi Wealth Management LLC now owns 7,809 shares of the technology company’s stock valued at $1,717,000 after acquiring an additional 108 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in International Business Machines by 13.2% in the fourth quarter. Empower Advisory Group LLC now owns 8,560 shares of the technology company’s stock valued at $1,882,000 after acquiring an additional 999 shares during the last quarter. Truist Financial Corp boosted its holdings in International Business Machines by 6.5% in the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company’s stock valued at $178,296,000 after acquiring an additional 49,591 shares during the last quarter. Blue Chip Partners LLC boosted its holdings in International Business Machines by 4.7% in the fourth quarter. Blue Chip Partners LLC now owns 3,786 shares of the technology company’s stock valued at $832,000 after acquiring an additional 170 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in International Business Machines by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 176,580 shares of the technology company’s stock valued at $38,818,000 after acquiring an additional 8,309 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IBM shares. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Sanford C. Bernstein upped their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. UBS Group boosted their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $231.44.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $262.85 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The stock’s 50 day moving average is $233.32 and its 200-day moving average is $220.66. The firm has a market capitalization of $243.04 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

International Business Machines Company 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.