RMR Wealth Builders Increases Stock Position in International Business Machines Co. (NYSE:IBM)

RMR Wealth Builders raised its position in International Business Machines Co. (NYSE:IBM - Free Report) by 233.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,089 shares of the technology company's stock after acquiring an additional 5,663 shares during the period. RMR Wealth Builders' holdings in International Business Machines were worth $1,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lynch & Associates IN grew its position in International Business Machines by 0.6% during the 4th quarter. Lynch & Associates IN now owns 48,259 shares of the technology company's stock worth $10,609,000 after purchasing an additional 278 shares during the last quarter. Atlas Brown Inc. grew its holdings in shares of International Business Machines by 3.1% during the fourth quarter. Atlas Brown Inc. now owns 7,000 shares of the technology company's stock valued at $1,539,000 after buying an additional 212 shares during the last quarter. LVM Capital Management Ltd. MI raised its stake in International Business Machines by 6.0% in the 4th quarter. LVM Capital Management Ltd. MI now owns 11,982 shares of the technology company's stock worth $2,634,000 after acquiring an additional 678 shares during the last quarter. Hilltop National Bank lifted its position in International Business Machines by 34.8% during the 4th quarter. Hilltop National Bank now owns 7,827 shares of the technology company's stock worth $1,721,000 after acquiring an additional 2,022 shares during the period. Finally, ST Germain D J Co. Inc. grew its stake in International Business Machines by 6.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 11,304 shares of the technology company's stock valued at $2,485,000 after purchasing an additional 650 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.07% of the stock is owned by insiders.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $3.78 during mid-day trading on Friday, reaching $219.40. 3,570,079 shares of the stock traded hands, compared to its average volume of 3,131,566. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The business has a 50-day moving average of $221.92 and a 200 day moving average of $209.00. The stock has a market capitalization of $202.87 billion, a PE ratio of 31.94, a PEG ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a fifty-two week low of $160.29 and a fifty-two week high of $239.35.

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, beating analysts' consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter last year, the firm posted $2.20 EPS. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.04%. International Business Machines's dividend payout ratio is presently 97.23%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IBM. The Goldman Sachs Group upped their target price on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Stifel Nicolaus increased their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Jefferies Financial Group boosted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research report on Monday, October 21st. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $214.88.

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.