International Business Machines Co. (NYSE:IBM) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its position in International Business Machines Co. (NYSE:IBM - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,631 shares of the technology company's stock after purchasing an additional 4,984 shares during the quarter. International Business Machines makes up 1.6% of Sound Income Strategies LLC's portfolio, making the stock its 15th biggest position. Sound Income Strategies LLC's holdings in International Business Machines were worth $25,639,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Ellenbecker Investment Group raised its position in International Business Machines by 2.3% in the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock valued at $453,000 after purchasing an additional 46 shares in the last quarter. Goldstein Advisors LLC raised its holdings in International Business Machines by 4.0% in the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after acquiring an additional 47 shares in the last quarter. Vertex Planning Partners LLC grew its holdings in International Business Machines by 3.6% during the 3rd quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock worth $298,000 after acquiring an additional 47 shares in the last quarter. Forza Wealth Management LLC increased its position in shares of International Business Machines by 0.4% in the 4th quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company's stock valued at $2,891,000 after purchasing an additional 47 shares during the last quarter. Finally, Sollinda Capital Management LLC lifted its position in shares of International Business Machines by 3.7% during the 3rd quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock worth $301,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction on 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 sale, the senior vice president now directly owns 25,390 shares in the company, 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 link. 0.07% of the stock is owned by company insiders.

International Business Machines Price Performance

International Business Machines stock traded down $1.36 during midday trading on Friday, reaching $224.69. 3,191,966 shares of the company were exchanged, compared to its average volume of 3,449,433. The firm's 50-day simple moving average is $223.94 and its 200-day simple moving average is $212.00. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The company has a market capitalization of $207.75 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during 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%. International Business Machines's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 EPS. On average, analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on IBM. Morgan Stanley raised their price target on International Business Machines from $208.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, December 16th. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. Sanford C. Bernstein increased their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Bank of America boosted their price target on International Business Machines from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their target price on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, International Business Machines has an average rating of "Hold" and an average target price of $220.73.

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.