Decker Retirement Planning Inc. Invests $397,000 in International Business Machines Co. (NYSE:IBM)

Decker Retirement Planning Inc. acquired a new stake in International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,805 shares of the technology company's stock, valued at approximately $397,000.

A number of other large investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its holdings in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock worth $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC purchased a new position in shares of International Business Machines in the 3rd quarter valued at about $29,000. Avondale Wealth Management lifted its stake in shares of 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 period. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines during the second quarter worth about $36,000. Finally, Modus Advisors LLC acquired a new position in International Business Machines during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 0.9 %

Shares of IBM traded up $2.04 during mid-day trading on Friday, reaching $224.70. The company had a trading volume of 3,082,322 shares, compared to its average volume of 3,138,707. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The firm has a fifty day simple moving average of $222.47 and a 200-day simple moving average of $210.23. The stock has a market cap of $207.77 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 earnings per share. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Bernstein Bank lifted their price target on International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research note on Thursday, October 3rd. Sanford C. Bernstein boosted 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 report on Friday, January 3rd. Finally, UBS Group raised their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, International Business Machines presently has an average rating of "Hold" and a consensus price target of $215.81.

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.