International Business Machines Co. (NYSE:IBM) Shares Bought by Blueprint Investment Partners LLC

Blueprint Investment Partners LLC increased its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 391.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,570 shares of the technology company's stock after purchasing an additional 10,808 shares during the period. Blueprint Investment Partners LLC's holdings in International Business Machines were worth $2,983,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. United Bank lifted its position in shares of International Business Machines by 53.3% in the 3rd quarter. United Bank now owns 5,628 shares of the technology company's stock worth $1,244,000 after purchasing an additional 1,956 shares during the period. Quest Partners LLC increased its holdings in International Business Machines by 23,700.0% in the 3rd quarter. Quest Partners LLC now owns 238 shares of the technology company's stock worth $53,000 after buying an additional 237 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of International Business Machines by 23.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 95,529 shares of the technology company's stock valued at $21,120,000 after purchasing an additional 18,340 shares during the last quarter. Nwam LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at $2,139,000. Finally, Waddell & Associates LLC increased its position in shares of International Business Machines by 7.4% during the 3rd quarter. Waddell & Associates LLC now owns 4,461 shares of the technology company's stock valued at $986,000 after purchasing an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

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International Business Machines Stock Performance

Shares of NYSE:IBM traded up $0.36 on Wednesday, hitting $250.26. 4,449,187 shares of the company were exchanged, compared to its average volume of 3,898,661. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock's 50 day moving average price is $248.04 and its 200 day moving average price is $230.76. The firm has a market capitalization of $232.06 billion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45.

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%. Sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.67%. International Business Machines's dividend payout ratio is currently 104.21%.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. BMO Capital Markets increased their price target on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Jefferies Financial Group boosted their target price on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $231.44.

Insider Buying and Selling

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 directly owns 45,007 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company's stock.

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.