International Business Machines Co. (NYSE:IBM) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 5.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,127 shares of the technology company’s stock after acquiring an additional 1,091 shares during the period. Ballentine Partners LLC’s holdings in International Business Machines were worth $4,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in IBM. Tudor Financial Inc. acquired a new position in International Business Machines in the fourth quarter worth $346,000. Hoese & Co LLP acquired a new position in shares of International Business Machines in the 4th quarter valued at about $78,000. Union Savings Bank grew its position in shares of International Business Machines by 5.0% during the 4th quarter. Union Savings Bank now owns 2,051 shares of the technology company’s stock valued at $451,000 after buying an additional 97 shares during the last quarter. Zhang Financial LLC raised its stake in International Business Machines by 3.9% during the fourth quarter. Zhang Financial LLC now owns 18,077 shares of the technology company’s stock worth $3,974,000 after acquiring an additional 686 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in International Business Machines by 3.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 8,725 shares of the technology company’s stock worth $1,918,000 after acquiring an additional 255 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s 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 sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IBM shares. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised 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. The Goldman Sachs Group upped their price target on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Bank of America increased their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $216.87.

International Business Machines Stock Up 0.9 %

NYSE:IBM opened at $224.73 on Tuesday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The firm has a market capitalization of $207.80 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.81 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The business’s fifty day moving average price is $222.87 and its 200 day moving average price is $211.14.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS. On average, sell-side analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s 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.