11,731 Shares in International Business Machines Co. (NYSE:IBM) Acquired by Yoffe Investment Management LLC

Yoffe Investment Management LLC purchased a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,731 shares of the technology company's stock, valued at approximately $2,579,000. International Business Machines accounts for 3.7% of Yoffe Investment Management LLC's holdings, making the stock its 3rd largest position.

Several other institutional investors also recently added to or reduced their stakes in IBM. Compass Financial Services Inc bought a new position in International Business Machines in the 4th quarter worth approximately $26,000. Vision Financial Markets LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $31,000. Valued Wealth Advisors LLC increased its position in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the period. Rialto Wealth Management LLC bought a new position in International Business Machines in the fourth quarter worth $35,000. Finally, Tacita Capital Inc boosted its stake in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after buying an additional 122 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

IBM has been the topic of several analyst reports. Wedbush reissued an "outperform" rating and issued a $300.00 price target on shares of International Business Machines in a report on Wednesday, May 7th. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Morgan Stanley lowered their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $249.06.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $1.61 during mid-day trading on Thursday, reaching $258.63. 960,430 shares of the stock were exchanged, compared to its average volume of 4,705,837. The company has a market cap of $240.37 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. 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 50-day simple moving average of $245.98 and a 200 day simple moving average of $239.17. International Business Machines Co. has a fifty-two week low of $163.53 and a fifty-two week high of $269.28.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $1.68 EPS. On average, sell-side analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.60%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company's stock.

International Business Machines Company 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.