International Business Machines Co. (NYSE:IBM) Shares Bought by LRI Investments LLC

LRI Investments LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,623 shares of the technology company’s stock after buying an additional 207 shares during the quarter. LRI Investments LLC’s holdings in International Business Machines were worth $1,016,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the 4th quarter worth $26,000. Vision Financial Markets LLC acquired a new position in International Business Machines during the fourth quarter worth about $31,000. Valued Wealth Advisors LLC increased its holdings in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after buying an additional 90 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at approximately $35,000. Finally, Tacita Capital Inc boosted its stake in shares of International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after acquiring an additional 122 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IBM. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of International Business Machines in a research note on Wednesday, May 7th. Royal Bank of Canada restated an “outperform” rating and issued a $276.00 price target on shares of International Business Machines in a research report on Monday, April 14th. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. UBS Group restated a “sell” rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Bank of America upped their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, International Business Machines has an average rating of “Hold” and a consensus target price of $248.50.

International Business Machines Stock Down 1.9%

IBM stock opened at $249.32 on Monday. The company has a 50 day moving average price of $243.01 and a two-hundred day moving average price of $234.91. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market capitalization of $231.72 billion, a P/E ratio of 38.90, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a one year low of $163.53 and a one year high of $266.45.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 earnings per share. As a group, sell-side analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $1.68 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.70%. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

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.