CX Institutional Buys 143 Shares of International Business Machines Co. (NYSE:IBM)

CX Institutional raised its stake in International Business Machines Co. (NYSE:IBM) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,125 shares of the technology company’s stock after purchasing an additional 143 shares during the period. CX Institutional’s holdings in International Business Machines were worth $1,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Encompass More Asset Management bought a new position in shares of International Business Machines during the 4th quarter worth approximately $235,000. Impact Partnership Wealth LLC increased its position in International Business Machines by 64.7% during the 4th quarter. Impact Partnership Wealth LLC now owns 10,309 shares of the technology company’s stock valued at $2,266,000 after buying an additional 4,049 shares in the last quarter. Southland Equity Partners LLC raised its stake in International Business Machines by 6.9% in the fourth quarter. Southland Equity Partners LLC now owns 2,353 shares of the technology company’s stock valued at $517,000 after buying an additional 151 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in International Business Machines by 4.5% in the fourth quarter. Sound Income Strategies LLC now owns 116,631 shares of the technology company’s stock worth $25,639,000 after acquiring an additional 4,984 shares in the last quarter. Finally, RFG Advisory LLC increased its holdings in shares of International Business Machines by 3.8% during the fourth quarter. RFG Advisory LLC now owns 28,950 shares of the technology company’s stock valued at $6,364,000 after acquiring an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research analyst reports. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a report on Wednesday, October 2nd. Bernstein Bank boosted their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Stifel Nicolaus raised their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Sanford C. Bernstein upped their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus price target of $220.73.

International Business Machines Stock Performance

Shares of IBM stock opened at $224.69 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The business’s 50 day moving average is $223.94 and its two-hundred day moving average is $212.00. The company has a market capitalization of $207.75 billion, a P/E ratio of 32.71, a P/E/G ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. Analysts expect that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio is currently 97.23%.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.

About International Business Machines

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.