International Business Machines Co. (NYSE:IBM) Shares Purchased by Capital Investment Counsel LLC

Capital Investment Counsel LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,917 shares of the technology company’s stock after acquiring an additional 1,526 shares during the quarter. Capital Investment Counsel LLC’s holdings in International Business Machines were worth $6,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of IBM. Ellenbecker Investment Group increased its holdings in shares of International Business Machines by 2.3% in the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company’s stock valued at $453,000 after purchasing an additional 46 shares during the period. Goldstein Advisors LLC grew its position in International Business Machines by 4.0% during the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company’s stock valued at $269,000 after purchasing an additional 47 shares in the last quarter. Vertex Planning Partners LLC increased its stake in International Business Machines by 3.6% in the 3rd quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company’s stock valued at $298,000 after buying an additional 47 shares during the period. Forza Wealth Management LLC lifted its position in International Business Machines by 0.4% in the 4th quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company’s stock worth $2,891,000 after buying an additional 47 shares in the last quarter. Finally, Sollinda Capital Management LLC boosted its stake in shares of International Business Machines by 3.7% during the 3rd quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company’s stock valued at $301,000 after buying an additional 49 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research reports. Sanford C. Bernstein lifted their price objective 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. Morgan Stanley reduced their price target on International Business Machines from $222.00 to $217.00 and set an “equal weight” rating for the company in a report on Tuesday. Jefferies Financial Group increased their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. BMO Capital Markets lifted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus increased their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 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. According to data from MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $220.40.

International Business Machines Stock Performance

NYSE IBM opened at $225.34 on Wednesday. The company’s fifty day moving average is $224.65 and its two-hundred day moving average is $213.14. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a market capitalization of $208.36 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 4.78 and a beta of 0.74.

Insiders Place Their Bets

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.

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.