SageView Advisory Group LLC Has $2.20 Million Stock Position in International Business Machines Co. (NYSE:IBM)

SageView Advisory Group LLC raised its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 46.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,018 shares of the technology company's stock after buying an additional 3,189 shares during the quarter. SageView Advisory Group LLC's holdings in International Business Machines were worth $2,202,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Treasurer of the State of North Carolina increased its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after buying an additional 4,131 shares during the last quarter. Blue Zone Wealth Advisors LLC purchased a new position in International Business Machines in the fourth quarter valued at $242,000. Brady Martz Wealth Solutions LLC purchased a new stake in International Business Machines during the 4th quarter worth about $1,940,000. Tranquilli Financial Advisor LLC acquired a new stake in International Business Machines in the 4th quarter valued at about $373,000. Finally, Truist Financial Corp boosted its stake in shares of International Business Machines by 6.5% in the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock valued at $178,296,000 after buying an additional 49,591 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

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International Business Machines Stock Performance

Shares of IBM traded up $1.85 during trading hours on Tuesday, reaching $240.91. 153,973 shares of the company traded hands, compared to its average volume of 4,198,829. The stock's fifty day moving average is $248.67 and its 200 day moving average is $233.14. 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 stock has a market cap of $223.39 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45.

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

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's payout ratio is presently 104.21%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IBM. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Jefferies Financial Group decreased their price objective on International Business Machines from $270.00 to $265.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and issued a $276.00 price target on shares of International Business Machines in a research note on Monday. Finally, Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $232.75.

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.