Inspire Trust Co. N.A. Purchases 5,000 Shares of International Business Machines Corporation $IBM

Inspire Trust Co. N.A. increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 27.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,000 shares of the technology company’s stock after purchasing an additional 5,000 shares during the quarter. International Business Machines makes up approximately 1.2% of Inspire Trust Co. N.A.’s holdings, making the stock its 20th biggest holding. Inspire Trust Co. N.A.’s holdings in International Business Machines were worth $6,490,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IBM. Winnow Wealth LLC acquired a new stake in shares of International Business Machines during the second quarter worth approximately $27,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of International Business Machines in the 3rd quarter worth approximately $28,000. Trifecta Capital Advisors LLC grew its position in International Business Machines by 129.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock worth $36,000 after acquiring an additional 71 shares during the last quarter. Legacy Wealth Managment LLC ID increased its holdings in International Business Machines by 48.5% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 147 shares of the technology company’s stock valued at $43,000 after purchasing an additional 48 shares in the last quarter. Finally, Davis Capital Management acquired a new stake in International Business Machines during the 3rd quarter valued at $54,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

International Business Machines stock opened at $257.20 on Friday. The company has a market cap of $240.41 billion, a PE ratio of 23.07, a PEG ratio of 2.58 and a beta of 0.69. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90. The company’s 50-day moving average is $294.08 and its two-hundred day moving average is $284.23.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The business had revenue of $19.69 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same period in the previous year, the firm posted $3.92 earnings per share. International Business Machines’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be paid a $1.68 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. International Business Machines’s dividend payout ratio is 60.27%.

Insider Buying and Selling at International Business Machines

In related news, Director David N. Farr purchased 1,000 shares of International Business Machines stock in a transaction dated Friday, January 30th. The shares were acquired at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the transaction, the director directly owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on IBM. Argus set a $360.00 price objective on International Business Machines in a research note on Friday, January 30th. Stifel Nicolaus lifted their price target on International Business Machines from $325.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, December 10th. DZ Bank raised shares of International Business Machines to a “hold” rating in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada set a $361.00 target price on shares of International Business Machines in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $330.07.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.