International Business Machines Co. (NYSE:IBM) Shares Acquired by Wallace Advisory Group LLC

Wallace Advisory Group LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,692 shares of the technology company’s stock after acquiring an additional 538 shares during the quarter. Wallace Advisory Group LLC’s holdings in International Business Machines were worth $816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Global Financial Private Client LLC lifted its holdings in shares of International Business Machines by 24.5% during the fourth quarter. Global Financial Private Client LLC now owns 10,616 shares of the technology company’s stock worth $2,334,000 after purchasing an additional 2,086 shares during the period. Signal Advisors Wealth LLC lifted its holdings in shares of International Business Machines by 5.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 2,519 shares of the technology company’s stock worth $554,000 after purchasing an additional 132 shares during the period. Johnson & White Wealth Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth about $953,000. Cullen Investment Group LTD. lifted its holdings in shares of International Business Machines by 3.2% during the fourth quarter. Cullen Investment Group LTD. now owns 3,985 shares of the technology company’s stock worth $876,000 after purchasing an additional 123 shares during the period. Finally, Tealwood Asset Management Inc. lifted its holdings in shares of International Business Machines by 19.6% during the fourth quarter. Tealwood Asset Management Inc. now owns 2,474 shares of the technology company’s stock worth $544,000 after purchasing an additional 406 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein lifted their price target on 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. Jefferies Financial Group lifted their price target 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. Finally, DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $214.88.

International Business Machines Stock Down 1.1 %

Shares of IBM opened at $217.39 on Tuesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The stock has a market capitalization of $201.01 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 5.18 and a beta of 0.74. The stock has a 50 day moving average price of $222.14 and a 200 day moving average price of $209.84.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping 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 return on equity of 40.52% and a net margin of 10.22%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 earnings per share. Equities research analysts forecast that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is currently 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.