International Business Machines Co. (NYSE:IBM) Shares Bought by Independent Wealth Network Inc.

Independent Wealth Network Inc. grew its position in International Business Machines Co. (NYSE:IBM) by 22.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,337 shares of the technology company’s stock after purchasing an additional 244 shares during the quarter. Independent Wealth Network Inc.’s holdings in International Business Machines were worth $294,000 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. Hazlett Burt & Watson Inc. boosted its stake in International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC purchased a new stake in shares of International Business Machines in the third quarter valued at about $29,000. Avondale Wealth Management grew its holdings in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in International Business Machines in the 2nd quarter valued at about $36,000. Finally, Modus Advisors LLC purchased a new stake in International Business Machines during the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their price target on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Bank of America lifted their target price on shares of International Business Machines from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a report on Thursday. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley raised their price target on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average target price of $220.73.

International Business Machines Stock Performance

NYSE:IBM opened at $225.63 on Friday. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The firm’s 50 day moving average is $223.60 and its two-hundred day moving average is $211.90. The company has a market cap of $208.63 billion, a P/E ratio of 32.84, a P/E/G ratio of 4.80 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last announced 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. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period in the prior year, the firm posted $2.20 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Analysts expect that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.96%. International Business Machines’s dividend payout ratio 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.