64,199 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors bought a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 64,199 shares of the technology company's stock, valued at approximately $14,113,000. International Business Machines accounts for about 1.7% of Ibex Wealth Advisors' holdings, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC boosted its stake in International Business Machines by 20,324.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company's stock worth $600,373,000 after purchasing an additional 2,702,340 shares in the last quarter. Holocene Advisors LP bought a new position in International Business Machines during the 3rd quarter valued at about $573,306,000. State Street Corp lifted its stake in International Business Machines by 2.2% during the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after acquiring an additional 1,200,803 shares during the period. KBC Group NV lifted its stake in International Business Machines by 90.4% during the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after acquiring an additional 800,930 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in International Business Machines by 587.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company's stock valued at $134,262,000 after acquiring an additional 536,785 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM traded up $3.47 during midday trading on Wednesday, reaching $229.13. 7,019,234 shares of the stock traded hands, compared to its average volume of 3,872,003. The stock has a market capitalization of $211.86 billion, a PE ratio of 33.35, a P/E/G ratio of 4.78 and a beta of 0.74. The company's 50 day moving average is $224.95 and its 200 day moving average is $213.44. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. On average, equities research analysts anticipate that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.92%. International Business Machines's dividend payout ratio (DPR) is 97.23%.

Wall Street Analyst Weigh In

IBM has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $227.00 to $233.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Bernstein Bank increased their target price on shares of International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, October 3rd. Sanford C. Bernstein increased their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Stifel Nicolaus increased their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, UBS Group increased their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $220.40.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines 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 owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.