Integrated Investment Consultants LLC Has $6.20 Million Holdings in International Business Machines Co. (NYSE:IBM)

Integrated Investment Consultants LLC raised its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,197 shares of the technology company's stock after acquiring an additional 7,525 shares during the quarter. Integrated Investment Consultants LLC's holdings in International Business Machines were worth $6,199,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings in International Business Machines by 13.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company's stock valued at $13,350,000 after purchasing an additional 9,155 shares during the period. Seven Eight Capital LP bought a new stake in shares of International Business Machines in the second quarter valued at approximately $1,305,000. ProVise Management Group LLC increased its stake in International Business Machines by 2.3% during the 2nd quarter. ProVise Management Group LLC now owns 3,305 shares of the technology company's stock worth $572,000 after acquiring an additional 74 shares during the period. Intech Investment Management LLC raised its holdings in International Business Machines by 66.6% in the 2nd quarter. Intech Investment Management LLC now owns 318,035 shares of the technology company's stock valued at $55,004,000 after acquiring an additional 127,147 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of International Business Machines by 1.5% during the 2nd quarter. Brighton Jones LLC now owns 17,766 shares of the technology company's stock worth $3,073,000 after purchasing an additional 260 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is owned by company insiders.

International Business Machines Trading Up 0.9 %

Shares of International Business Machines stock traded up $2.07 during midday trading on Friday, reaching $224.73. The company had a trading volume of 5,481,686 shares, compared to its average volume of 2,994,162. The firm has a market cap of $207.80 billion, a PE ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. The stock has a fifty day moving average price of $222.65 and a 200 day moving average price of $210.31. 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 Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period in the prior year, the firm posted $2.20 EPS. The company's quarterly revenue was up 1.5% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a $1.67 dividend. 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%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Bernstein Bank upped their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the stock a "market perform" rating in a research report on Thursday, October 3rd. Jefferies Financial Group increased their price target on shares of International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Bank of America upped their target price on International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their price target on International Business Machines from $208.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, December 16th. Finally, Stifel Nicolaus lifted their target price on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.