Hopwood Financial Services Inc. Buys Shares of 1,277 International Business Machines Co. (NYSE:IBM)

Hopwood Financial Services Inc. acquired a new stake in International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,277 shares of the technology company's stock, valued at approximately $281,000.

A number of other large investors also recently bought and sold shares of IBM. Compass Financial Services Inc acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new position in International Business Machines in the fourth quarter valued at $31,000. Avondale Wealth Management boosted its stake in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after buying an additional 56 shares during the period. Valued Wealth Advisors LLC increased its stake 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 worth $35,000 after buying an additional 90 shares during the period. Finally, Rialto Wealth Management LLC purchased a new position in International Business Machines in the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction 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 transaction, the senior vice president now owns 45,007 shares in the company, 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 can be accessed through this link. 0.07% of the stock is currently owned by insiders.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $249.03 on Wednesday. The company has a market cap of $230.92 billion, a P/E ratio of 38.85, a P/E/G ratio of 5.81 and a beta of 0.74. The business has a fifty day simple moving average of $242.61 and a 200-day simple moving average of $227.42. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on IBM shares. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a report on Friday, March 7th. 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 report on Thursday, January 30th. 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. Morgan Stanley upped their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Finally, Wedbush initiated coverage on International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $231.44.

International Business Machines 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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