International Business Machines Co. (NYSE:IBM) Shares Purchased by Phoenix Wealth Advisors

Phoenix Wealth Advisors raised its position in shares of International Business Machines Co. (NYSE:IBM) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,173 shares of the technology company’s stock after purchasing an additional 195 shares during the period. Phoenix Wealth Advisors’ holdings in International Business Machines were worth $478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its stake in International Business Machines by 40.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the period. Brady Martz Wealth Solutions LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth approximately $1,940,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of International Business Machines in the 2nd quarter worth approximately $7,160,000. Philip James Wealth Mangement LLC acquired a new stake in shares of International Business Machines in the 3rd quarter worth approximately $5,117,000. Finally, Nordea Investment Management AB lifted its stake in shares of International Business Machines by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after acquiring an additional 4,625 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 shares were 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 in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on IBM. BMO Capital Markets boosted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research report on Thursday, October 24th. Sanford C. Bernstein boosted 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 research report on Friday, January 3rd. Finally, 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $216.87.

International Business Machines Price Performance

NYSE:IBM opened at $224.30 on Wednesday. The stock has a market cap of $207.40 billion, a P/E ratio of 32.65, a PEG ratio of 4.81 and a beta of 0.74. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The company has a fifty day moving average price of $223.36 and a 200 day moving average price of $211.82. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during 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 business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 EPS. Analysts anticipate that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.98%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s payout ratio is currently 97.23%.

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.