Brighton Jones LLC Has $4.62 Million Holdings in International Business Machines Co. (NYSE:IBM)

Brighton Jones LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,011 shares of the technology company's stock after acquiring an additional 2,323 shares during the period. Brighton Jones LLC's holdings in International Business Machines were worth $4,619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Meeder Asset Management Inc. lifted its holdings in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock valued at $126,000 after purchasing an additional 166 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of International Business Machines in the fourth quarter worth $1,940,000. Susquehanna Fundamental Investments LLC bought a new position in International Business Machines in the second quarter valued at $7,160,000. Philip James Wealth Mangement LLC bought a new stake in International Business Machines during the 3rd quarter worth about $5,117,000. Finally, Nordea Investment Management AB lifted its position in International Business Machines by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock worth $16,615,000 after buying an additional 4,625 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research report on Monday, October 21st. The Goldman Sachs Group upped their price objective on International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Morgan Stanley lifted their price objective on shares of International Business Machines from $208.00 to $222.00 and gave the company an "equal weight" rating in a research report on Monday, December 16th. Finally, BMO Capital Markets upped their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $220.73.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company's stock.

International Business Machines Price Performance

IBM traded down $1.36 during trading on Friday, hitting $224.69. 3,232,719 shares of the stock traded hands, compared to its average volume of 3,558,260. The business has a 50 day moving average price of $223.94 and a 200 day moving average price of $212.00. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The company has a market cap of $207.75 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Equities research analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. International Business Machines's dividend payout ratio is currently 97.23%.

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.