International Business Machines Co. (NYSE:IBM) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,514 shares of the technology company's stock after acquiring an additional 1,665 shares during the quarter. Meeder Advisory Services Inc.'s holdings in International Business Machines were worth $3,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBM. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the fourth quarter worth about $26,000. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth $31,000. Avondale Wealth Management grew its stake in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after buying an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in International Business Machines in the fourth quarter valued at $35,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

NYSE:IBM traded down $6.50 during trading hours on Thursday, hitting $243.49. The company's stock had a trading volume of 5,305,333 shares, compared to its average volume of 4,119,032. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business's 50-day moving average is $251.05 and its two-hundred day moving average is $232.26. The company has a market capitalization of $225.77 billion, a PE ratio of 37.99, a PEG ratio of 5.81 and a beta of 0.67.

Remove Ads

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.74%. International Business Machines's dividend payout ratio is presently 104.21%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein raised their target price on 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. Wedbush started coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating for the company. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective on the stock. Finally, UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $231.13.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction 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 sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

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.