Traynor Capital Management Inc. Takes $290,000 Position in International Business Machines Co. (NYSE:IBM)

Traynor Capital Management Inc. acquired a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,319 shares of the technology company's stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. Public Sector Pension Investment Board raised its position in International Business Machines by 72.1% in the second quarter. Public Sector Pension Investment Board now owns 35,496 shares of the technology company's stock valued at $6,139,000 after purchasing an additional 14,874 shares during the period. AXA S.A. grew its stake in shares of International Business Machines by 4.5% in the second quarter. AXA S.A. now owns 432,215 shares of the technology company's stock valued at $74,752,000 after buying an additional 18,423 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of International Business Machines by 6.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company's stock valued at $1,274,074,000 after buying an additional 444,698 shares during the period. Drucker Wealth 3.0 LLC acquired a new position in International Business Machines during the 2nd quarter worth approximately $264,000. Finally, Delta Investment Management LLC boosted its holdings in International Business Machines by 3.3% in the 2nd quarter. Delta Investment Management LLC now owns 5,522 shares of the technology company's stock worth $955,000 after acquiring an additional 176 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on International Business Machines from $227.00 to $233.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Jefferies Financial Group upped their target price on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $220.73.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.

International Business Machines Stock Performance

IBM stock traded down $1.36 during midday trading on Friday, reaching $224.69. The company had a trading volume of 1,616,441 shares, compared to its average volume of 3,444,334. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The stock has a 50 day moving average price of $223.94 and a 200 day moving average price of $212.00. The firm has a market capitalization of $207.75 billion, a PE ratio of 32.71, a P/E/G ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the company earned $2.20 earnings per share. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. Analysts anticipate that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a $1.67 dividend. 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 is presently 97.23%.

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.