Defined Financial Planning LLC Acquires Shares of 1,410 International Business Machines Co. (NYSE:IBM)

Defined Financial Planning LLC bought a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,410 shares of the technology company's stock, valued at approximately $310,000.

Other hedge funds have also bought and sold shares of the company. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the 4th quarter worth about $26,000. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $31,000. Avondale Wealth Management lifted its holdings 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 in the last quarter. Valued Wealth Advisors LLC boosted its position in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after buying an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in International Business Machines in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on IBM shares. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. BMO Capital Markets lifted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. Wedbush assumed coverage on International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating for the company. Finally, Bank of America boosted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $231.13.

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Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

International Business Machines Price Performance

International Business Machines stock opened at $235.49 on Monday. The stock has a market cap of $218.37 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 5.81 and a beta of 0.67. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The business has a 50-day simple moving average of $249.14 and a 200 day simple moving average of $233.02. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed 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. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

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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