1,741 Shares in International Business Machines Co. (NYSE:IBM) Acquired by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,741 shares of the technology company’s stock, valued at approximately $285,000.

Other large investors have also made changes to their positions in the company. Naples Money Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $28,000. Briaud Financial Planning Inc acquired a new stake in International Business Machines in the third quarter valued at approximately $31,000. Stone House Investment Management LLC boosted its position in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. boosted its position in International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 91 shares in the last quarter. Finally, Cordant Inc. boosted its position in International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after buying an additional 226 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of research analyst reports. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a research report on Wednesday, April 17th. Jefferies Financial Group dropped their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, Morgan Stanley dropped their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $184.08.

International Business Machines Stock Performance

Shares of IBM stock traded down $1.71 during trading on Friday, reaching $167.20. 8,982,844 shares of the company’s stock traded hands, compared to its average volume of 5,007,767. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $153.28 billion, a P/E ratio of 18.94, a PEG ratio of 3.62 and a beta of 0.70. The firm’s 50-day moving average is $187.60 and its 200 day moving average is $170.15.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.50%. The business had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the prior year, the company posted $1.36 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts expect that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 75.20%.

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.