DecisionMap Wealth Management LLC Takes Position in International Business Machines Co. (NYSE:IBM)

DecisionMap Wealth Management LLC acquired 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 and Exchange Commission (SEC). The fund acquired 1,181 shares of the technology company's stock, valued at approximately $260,000.

Several other hedge funds also recently added to or reduced their stakes in IBM. Compass Financial Services Inc purchased a new stake in International Business Machines in the fourth quarter valued at $26,000. Vision Financial Markets LLC purchased a new stake in International Business Machines in the fourth quarter valued at $31,000. Avondale Wealth Management boosted its holdings in International Business Machines by 56.0% in the fourth 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 boosted its holdings in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in International Business Machines in the fourth quarter valued at $35,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.3 %

IBM stock opened at $249.72 on Thursday. The company has a market cap of $231.56 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 5.81 and a beta of 0.74. The company has a current ratio of 1.04, a quick ratio of 1.00 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 moving average of $243.21 and a two-hundred day moving average of $227.58.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.67%. International Business Machines's dividend payout ratio is currently 104.21%.

Analysts Set New Price Targets

IBM has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. UBS Group increased their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Bank of America increased their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, Wedbush initiated coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average price target of $231.44.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.07% of the company's stock.

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.

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