Tower Research Capital LLC TRC Has $12.71 Million Position in International Business Machines Co. (NYSE:IBM)

Tower Research Capital LLC TRC raised its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,802 shares of the technology company's stock after buying an additional 7,802 shares during the quarter. Tower Research Capital LLC TRC's holdings in International Business Machines were worth $12,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compass Financial Services Inc acquired a new position in International Business Machines in the fourth quarter valued at about $26,000. Vision Financial Markets LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at about $31,000. Avondale Wealth Management grew its holdings in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after buying an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $35,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $16.47 during midday trading on Thursday, reaching $229.01. The company had a trading volume of 11,568,800 shares, compared to its average volume of 4,278,236. The stock has a fifty day simple moving average of $246.57 and a 200 day simple moving average of $233.87. The company has a market capitalization of $212.35 billion, a price-to-earnings ratio of 35.65, 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. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

Analyst Ratings Changes

A number of analysts recently issued reports on IBM shares. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research report on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $276.00 price target on shares of International Business Machines in a research note on Monday, April 14th. Wedbush reiterated an "outperform" rating and issued a $300.00 price target on shares of International Business Machines in a research report on Thursday. Bank of America increased their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, Oppenheimer started coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $242.44.

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.