2,649 Shares in International Business Machines Co. (NYSE:IBM) Bought by Wayfinding Financial LLC

Wayfinding Financial LLC bought a new stake in International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,649 shares of the technology company’s stock, valued at approximately $582,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Adams Diversified Equity Fund Inc. bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $28,512,000. Gutierrez Wealth Advisory LLC bought a new position in International Business Machines in the 4th quarter worth approximately $232,000. Lee Danner & Bass Inc. increased its position in International Business Machines by 3.0% in the 4th quarter. Lee Danner & Bass Inc. now owns 13,588 shares of the technology company’s stock valued at $2,987,000 after acquiring an additional 390 shares during the period. Kiker Wealth Management LLC acquired a new position in International Business Machines during the 4th quarter worth $638,000. Finally, Douglass Winthrop Advisors LLC grew its stake in shares of International Business Machines by 2.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,263 shares of the technology company’s stock worth $4,015,000 after purchasing an additional 414 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $243.42 on Friday. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The firm has a 50-day moving average of $246.29 and a two-hundred day moving average of $229.42. The firm has a market capitalization of $225.71 billion, a PE ratio of 37.98, a P/E/G ratio of 5.81 and a beta of 0.74. 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) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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, analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared 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. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.74%. International Business Machines’s dividend payout ratio is 104.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Bank of America upped their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. UBS Group raised their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Sanford C. Bernstein upped their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $231.44.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines 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 transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

International Business Machines Company 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.