International Business Machines Co. (NYSE:IBM) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,873 shares of the technology company's stock after purchasing an additional 1,719 shares during the quarter. HB Wealth Management LLC's holdings in International Business Machines were worth $15,360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Meeder Asset Management Inc. increased its position in shares of International Business Machines by 40.9% during the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock worth $126,000 after purchasing an additional 166 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in International Business Machines during the second quarter worth approximately $7,160,000. Philip James Wealth Mangement LLC purchased a new stake in International Business Machines in the third quarter valued at approximately $5,117,000. Nordea Investment Management AB boosted its holdings in shares of International Business Machines by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock valued at $16,615,000 after acquiring an additional 4,625 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in shares of International Business Machines during the third quarter worth approximately $24,761,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IBM. Sanford C. Bernstein increased their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Bank of America increased their target price on shares of International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their price target 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. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, Bernstein Bank boosted their target price on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus price target of $215.81.

International Business Machines Price Performance

IBM stock traded up $2.07 during trading on Friday, reaching $224.73. 5,481,686 shares of the company were exchanged, compared to its average volume of 2,994,162. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock's 50 day moving average price is $222.87 and its 200 day moving average price is $210.66. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. The company has a market cap of $207.80 billion, a P/E ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly 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. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the company earned $2.20 EPS. The company's quarterly revenue was up 1.5% on a year-over-year basis. As a group, analysts predict that International Business Machines Co. will post 10.16 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 Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.

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.