International Business Machines Co. (NYSE:IBM) Shares Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,517 shares of the technology company’s stock after purchasing an additional 47 shares during the quarter. Money Concepts Capital Corp’s holdings in International Business Machines were worth $4,950,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Wealth Management lifted its position in International Business Machines by 17.3% during the 4th quarter. Massachusetts Wealth Management now owns 4,410 shares of the technology company’s stock worth $969,000 after acquiring an additional 650 shares in the last quarter. Lion Street Advisors LLC raised its stake in shares of International Business Machines by 15.7% during the fourth quarter. Lion Street Advisors LLC now owns 6,624 shares of the technology company’s stock valued at $1,456,000 after purchasing an additional 900 shares during the period. Country Club Bank lifted its position in shares of International Business Machines by 5.5% during the fourth quarter. Country Club Bank now owns 4,608 shares of the technology company’s stock worth $1,015,000 after purchasing an additional 240 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in International Business Machines by 10.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,805 shares of the technology company’s stock worth $22,638,000 after buying an additional 9,744 shares in the last quarter. Finally, Hager Investment Management Services LLC acquired a new stake in shares of International Business Machines during the fourth quarter valued at about $73,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Trading Up 1.4 %

Shares of NYSE:IBM opened at $264.30 on Wednesday. The company has a 50 day moving average of $228.01 and a 200-day moving average of $215.86. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a market cap of $244.38 billion, a P/E ratio of 41.23, a P/E/G ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.25.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, analysts anticipate that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.53%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analyst Ratings Changes

IBM has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. UBS Group lifted their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus price target of $225.53.

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.