8,679 Shares in International Business Machines Co. (NYSE:IBM) Bought by Argentarii LLC

Argentarii LLC purchased a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 8,679 shares of the technology company's stock, valued at approximately $1,908,000. International Business Machines accounts for 1.0% of Argentarii LLC's holdings, making the stock its 26th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in International Business Machines in the 4th quarter valued at $26,000. Vision Financial Markets LLC bought a new position in International Business Machines in the 4th quarter valued at $31,000. Avondale Wealth Management raised its position in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Valued Wealth Advisors LLC raised its position in shares of 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 last quarter. Finally, Rialto Wealth Management LLC bought a new stake in shares of International Business Machines during the fourth quarter worth $35,000. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IBM shares. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Friday. Royal Bank of Canada restated an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. UBS Group upped their price objective on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, Bank of America upped their price objective on International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $231.44.

Remove Ads

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.07% of the company's stock.

International Business Machines Stock Down 3.1 %

NYSE IBM traded down $7.87 during trading hours on Tuesday, hitting $249.03. 5,629,213 shares of the company traded hands, compared to its average volume of 3,920,243. The business's 50-day moving average is $242.61 and its 200-day moving average is $227.42. International Business Machines Co. has a twelve month low of $162.62 and a twelve 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 stock has a market capitalization of $230.92 billion, a price-to-earnings ratio of 38.85, a P/E/G ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.68%. International Business Machines's dividend payout ratio is 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.