Allianz SE Purchases Shares of 12,225 International Business Machines Co. (NYSE:IBM)

Allianz SE bought a new stake in International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,225 shares of the technology company's stock, valued at approximately $2,692,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new stake in International Business Machines in the fourth quarter worth approximately $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at $31,000. Avondale Wealth Management boosted its stake in International Business Machines by 56.0% during 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 holdings in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after acquiring an additional 90 shares during the period. Finally, Rialto Wealth Management LLC bought a new stake in International Business Machines in the fourth quarter worth about $35,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company's stock.

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Analyst Ratings Changes

IBM has been the topic of several recent research reports. Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Morgan Stanley raised their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. Finally, StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, International Business Machines has an average rating of "Hold" and an average price target of $231.13.

International Business Machines Stock Up 0.6 %

Shares of IBM traded up $1.46 during midday trading on Wednesday, reaching $251.80. 1,309,451 shares of the stock were exchanged, compared to its average volume of 4,098,380. The company has a market cap of $233.49 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 5.81 and a beta of 0.74. 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 12-month low of $162.62 and a 12-month high of $266.45. The firm has a 50 day simple moving average of $250.52 and a 200-day simple moving average of $232.13.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results 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 net margin of 9.60% and a return on equity of 38.99%. Research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.65%. 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.