Tandem Investment Partners LLC Takes $439,000 Position in International Business Machines Co. (NYSE:IBM)

Tandem Investment Partners LLC purchased a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,997 shares of the technology company's stock, valued at approximately $439,000.

A number of other large investors have also made changes to their positions in the company. Compass Financial Services Inc bought a new stake in shares of International Business Machines during the fourth quarter worth $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines in the 4th quarter valued at $31,000. Avondale Wealth Management boosted its stake in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after purchasing an additional 56 shares during the period. Valued Wealth Advisors LLC increased its holdings in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at about $35,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $5.94 during midday trading on Friday, hitting $235.49. 4,324,754 shares of the company's stock were exchanged, compared to its average volume of 4,215,521. 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 firm has a market capitalization of $218.37 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The company's 50 day moving average price is $249.14 and its 200 day moving average price is $232.95.

Remove Ads

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

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.84%. International Business Machines's dividend payout ratio is currently 104.21%.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the 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 transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

IBM has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Bank of America upped their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Jefferies Financial Group reduced their target price on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a report on Monday, March 31st. Finally, Sanford C. Bernstein lifted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $231.13.

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.