one8zero8 LLC Acquires New Holdings in International Business Machines Co. (NYSE:IBM)

one8zero8 LLC acquired a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,607 shares of the technology company's stock, valued at approximately $1,672,000.

Other large investors also recently modified their holdings of the company. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $31,000. Avondale Wealth Management grew its stake in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after buying an additional 56 shares in the last quarter. Valued Wealth Advisors LLC grew its stake in shares of International Business Machines by 134.3% in the fourth 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 in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $35,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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International Business Machines Trading Up 1.0 %

Shares of NYSE:IBM traded up $2.35 during mid-day trading on Friday, hitting $248.15. The stock had a trading volume of 4,045,157 shares, compared to its average volume of 3,889,906. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market cap of $230.10 billion, a PE ratio of 38.71, a P/E/G ratio of 5.81 and a beta of 0.74. The company's 50 day moving average is $244.23 and its 200-day moving average is $228.26.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate 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, sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is 104.21%.

Analysts Set New Price Targets

IBM has been the subject of a number of recent research reports. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Jefferies Financial Group raised their price objective on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $231.44.

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.