International Business Machines Co. (NYSE:IBM) Stock Holdings Lifted by Procyon Advisors LLC

Procyon Advisors LLC grew its position in International Business Machines Co. (NYSE:IBM - Free Report) by 73.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,111 shares of the technology company's stock after acquiring an additional 5,118 shares during the period. Procyon Advisors LLC's holdings in International Business Machines were worth $2,662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ellenbecker Investment Group boosted its holdings in shares of International Business Machines by 2.3% in the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock valued at $453,000 after acquiring an additional 46 shares in the last quarter. Goldstein Advisors LLC boosted its holdings in shares of International Business Machines by 4.0% in the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after acquiring an additional 47 shares in the last quarter. Vertex Planning Partners LLC boosted its holdings in shares of International Business Machines by 3.6% in the third quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock valued at $298,000 after acquiring an additional 47 shares in the last quarter. Forza Wealth Management LLC boosted its holdings in shares of International Business Machines by 0.4% in the fourth quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company's stock valued at $2,891,000 after acquiring an additional 47 shares in the last quarter. Finally, Sollinda Capital Management LLC boosted its holdings in shares of International Business Machines by 3.7% in the third quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock valued at $301,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 0.9 %

IBM stock traded up $2.07 during mid-day trading on Friday, hitting $224.73. 5,481,629 shares of the company were exchanged, compared to its average volume of 3,432,093. The company has a market capitalization of $207.80 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The firm has a fifty day simple moving average of $222.65 and a 200 day simple moving average of $210.31.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $2.20 EPS. On average, research analysts forecast that International Business Machines Co. will post 10.16 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 Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio is currently 97.23%.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Bank of America boosted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Stifel Nicolaus boosted their price objective 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. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Morgan Stanley boosted their price objective on shares of International Business Machines from $208.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $215.81.

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.