1,047 Shares in International Business Machines Co. (NYSE:IBM) Acquired by Strategic Equity Management

Strategic Equity Management acquired a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,047 shares of the technology company's stock, valued at approximately $230,000.

Several other large investors also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its holdings in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock worth $126,000 after purchasing an additional 166 shares during the last quarter. Blue Zone Wealth Advisors LLC acquired a new position in International Business Machines in the 4th quarter valued at $242,000. Brady Martz Wealth Solutions LLC bought a new position in International Business Machines in the 4th quarter worth $1,940,000. Tranquilli Financial Advisor LLC acquired a new position in International Business Machines during the 4th quarter worth $373,000. Finally, Truist Financial Corp boosted its holdings in International Business Machines by 6.5% during the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock valued at $178,296,000 after acquiring an additional 49,591 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

NYSE:IBM traded down $7.87 during mid-day trading on Tuesday, reaching $249.03. 5,629,213 shares of the company were exchanged, compared to its average volume of 3,920,243. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The stock has a market cap of $230.92 billion, a PE ratio of 38.85, a PEG ratio of 5.81 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company has a fifty day moving average of $242.61 and a 200 day moving average of $227.42.

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

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. International Business Machines's payout ratio is presently 104.21%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating for the company. Jefferies Financial Group lifted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and an average target price of $231.44.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is owned by corporate insiders.

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.