Prospera Private Wealth LLC Purchases Shares of 2,500 International Business Machines Co. (NYSE:IBM)

Prospera Private Wealth LLC purchased a new position in International Business Machines Co. (NYSE:IBM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,500 shares of the technology company's stock, valued at approximately $553,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hazlett Burt & Watson Inc. lifted its position in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC purchased a new position in International Business Machines during the third quarter valued at $29,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Business Machines during the second quarter worth about $36,000. Wolff Wiese Magana LLC increased its stake in shares of International Business Machines by 37.0% during the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company's stock valued at $38,000 after purchasing an additional 60 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of International Business Machines in the 3rd quarter worth approximately $43,000. 58.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $214.61 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The stock's fifty day moving average is $219.07 and its two-hundred day moving average is $194.64. International Business Machines Co. has a 52 week low of $153.51 and a 52 week high of $237.37. The company has a market capitalization of $198.44 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 4.72 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 earnings per share. As a group, analysts expect that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.11%. International Business Machines's dividend payout ratio is presently 97.23%.

Analysts Set New Price Targets

IBM has been the topic of several analyst reports. DZ Bank downgraded International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price on the stock. in a report on Wednesday, October 2nd. Evercore ISI increased their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Hsbc Global Res raised shares of International Business Machines to a "moderate sell" rating in a report on Friday, July 26th. The Goldman Sachs Group raised their price target on shares of International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Finally, Bank of America upped their price objective on International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $208.12.

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.