International Business Machines Co. (NYSE:IBM) Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance raised its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,266 shares of the technology company's stock after purchasing an additional 5,629 shares during the period. Independent Advisor Alliance's holdings in International Business Machines were worth $13,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $26,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth approximately $31,000. Avondale Wealth Management lifted its holdings in 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 purchasing an additional 56 shares in the last quarter. Valued Wealth Advisors LLC boosted its stake in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth $35,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Down 3.1 %

Shares of IBM stock traded down $7.87 on Tuesday, hitting $249.03. The stock had a trading volume of 5,629,213 shares, compared to its average volume of 3,921,297. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm has a market capitalization 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 company's 50 day moving average price is $242.61 and its 200-day moving average price is $227.42. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45.

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International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. Analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. International Business Machines's dividend payout ratio is currently 104.21%.

Analyst Ratings Changes

IBM has been the topic of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report on Monday, January 27th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Sanford C. Bernstein boosted their price objective on 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. Finally, StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $231.44.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the company'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 transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.