Standard Life Aberdeen plc Acquires 8,556 Shares of IBM (IBM)

Standard Life Aberdeen plc grew its holdings in IBM (NYSE:IBM) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 558,457 shares of the technology company’s stock after buying an additional 8,556 shares during the period. Standard Life Aberdeen plc’s holdings in IBM were worth $85,732,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. ETF Managers Group LLC bought a new stake in shares of IBM in the second quarter valued at about $121,000. Price Wealth Management Inc. bought a new stake in shares of IBM in the fourth quarter valued at about $122,000. Cerebellum GP LLC bought a new stake in shares of IBM in the fourth quarter valued at about $126,000. Horan Capital Advisors LLC. bought a new stake in shares of IBM in the third quarter valued at about $136,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of IBM in the second quarter valued at about $194,000. 57.02% of the stock is owned by institutional investors.

In other news, insider Erich Clementi sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $154.66, for a total value of $2,010,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.00, for a total value of $780,000.00. Following the completion of the transaction, the insider now directly owns 20,581 shares of the company’s stock, valued at approximately $3,210,636. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Shares of NYSE IBM opened at $156.71 on Monday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The stock has a market cap of $145,609.02, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. IBM has a 12 month low of $139.13 and a 12 month high of $171.69.

IBM (NYSE:IBM) last issued its earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. The firm had revenue of $22.54 billion during the quarter, compared to the consensus estimate of $22.03 billion. IBM had a return on equity of 69.48% and a net margin of 7.27%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.01 earnings per share. sell-side analysts predict that IBM will post 13.83 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating and issued a $175.00 target price on shares of IBM in a research report on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of IBM from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $180.00 price target on shares of IBM in a research note on Friday, January 19th. JPMorgan Chase set a $167.00 price target on IBM and gave the company a “neutral” rating in a research note on Friday, January 19th. Finally, Bank of America reaffirmed a “buy” rating and issued a $200.00 price target on shares of IBM in a research note on Monday, March 26th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $166.01.

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About IBM

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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Institutional Ownership by Quarter for IBM (NYSE:IBM)

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