MFA Wealth Services Invests $529,000 in International Business Machines Co. (NYSE:IBM)

MFA Wealth Services bought a new stake in International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,408 shares of the technology company's stock, valued at approximately $529,000.

A number of other large investors also recently modified their holdings of the business. Hazlett Burt & Watson Inc. lifted its stake in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after purchasing an additional 116 shares during the last quarter. Hara Capital LLC purchased a new stake in International Business Machines during the third quarter valued at about $29,000. Avondale Wealth Management grew its stake 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 buying an additional 56 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of International Business Machines in the 2nd quarter valued at about $36,000. Finally, Modus Advisors LLC purchased a new position in International Business Machines in the fourth quarter worth $40,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Down 0.6 %

Shares of NYSE IBM traded down $1.38 during midday trading on Friday, reaching $224.66. 1,180,203 shares of the stock were exchanged, compared to its average volume of 3,419,292. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. The stock has a 50 day moving average price of $223.94 and a 200-day moving average price of $212.00. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $207.73 billion, a P/E ratio of 32.69, a P/E/G ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 earnings per share. Equities research analysts expect that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. International Business Machines's dividend payout ratio is presently 97.23%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IBM. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $227.00 to $233.00 and gave the company a "neutral" rating in a research report on Thursday. DZ Bank downgraded International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective on the stock. in a research note on Wednesday, October 2nd. Stifel Nicolaus lifted their price target 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. Morgan Stanley lifted 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 research note on Monday, December 16th. Finally, Jefferies Financial Group boosted their price objective on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $220.73.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines 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 completion of the transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.