Clune & Associates LTD. Purchases Shares of 1,048 International Business Machines Co. (NYSE:IBM)

Clune & Associates LTD. purchased a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,048 shares of the technology company's stock, valued at approximately $230,000.

A number of other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of International Business Machines during the 4th quarter worth $592,746,000. Holocene Advisors LP purchased a new stake in International Business Machines during the third quarter worth about $573,306,000. Vanguard Group Inc. raised its position in International Business Machines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after acquiring an additional 1,539,888 shares during the period. State Street Corp boosted its stake in International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after acquiring an additional 1,200,803 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of International Business Machines by 90.4% during the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock worth $370,909,000 after purchasing an additional 800,930 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

Shares of IBM traded up $1.56 during mid-day trading on Tuesday, reaching $250.01. 3,132,915 shares of the stock traded hands, compared to its average volume of 3,902,187. The company has a market cap of $231.83 billion, a price-to-earnings ratio of 39.00, 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. The firm has a fifty day moving average price of $247.40 and a 200 day moving average price of $230.42. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

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International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results 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 net margin of 9.60% and a return on equity of 38.99%. As a group, equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on IBM. Wedbush initiated coverage on International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating on the stock. Jefferies Financial Group upped their price target 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. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $231.44.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction dated 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 completion of the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.