RMR Wealth Builders Purchases 5,663 Shares of International Business Machines Co. (NYSE:IBM)

RMR Wealth Builders grew its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 233.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,089 shares of the technology company's stock after buying 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 and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 worth $13,350,000 after acquiring an additional 9,155 shares during the period. One Capital Management LLC lifted its position in International Business Machines by 44.7% in the second quarter. One Capital Management LLC now owns 2,905 shares of the technology company's stock worth $502,000 after purchasing an additional 898 shares during the period. Financial & Tax Architects LLC boosted its stake in International Business Machines by 7.4% during the 2nd quarter. Financial & Tax Architects LLC now owns 36,823 shares of the technology company's stock valued at $6,369,000 after purchasing an additional 2,522 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its position in shares of International Business Machines by 3.2% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 88,495 shares of the technology company's stock valued at $15,305,000 after purchasing an additional 2,715 shares during the period. Finally, Wealth Alliance grew its holdings in International Business Machines by 4.3% during the second quarter. Wealth Alliance now owns 5,945 shares of the technology company's stock worth $1,028,000 after acquiring an additional 245 shares during the period. 58.96% of the stock is owned by institutional investors.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction 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 approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on IBM shares. DZ Bank cut International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Royal Bank of Canada restated an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. BMO Capital Markets boosted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research note on Thursday, October 24th. Finally, UBS Group raised their target price on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday. Two equities research 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $215.81.

International Business Machines Stock Up 1.1 %

Shares of IBM traded up $2.51 during mid-day trading on Thursday, hitting $222.54. 3,318,319 shares of the company's stock were exchanged, compared to its average volume of 3,125,279. 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 moving average of $222.47 and a two-hundred day moving average of $210.23. The stock has a market cap of $205.77 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 4.71 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued 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. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm's revenue 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, sell-side analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio is currently 97.23%.

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.