Brooklyn FI LLC Purchases Shares of 2,000 International Business Machines Co. (NYSE:IBM)

Brooklyn FI LLC purchased a new position in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the technology company's stock, valued at approximately $455,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new position in shares of International Business Machines during the fourth quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new position in shares of International Business Machines in the fourth quarter worth about $31,000. Valued Wealth Advisors LLC lifted its stake in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after acquiring an additional 90 shares during the period. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at $35,000. Finally, Tacita Capital Inc increased its stake in shares of International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after acquiring an additional 122 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock traded down $0.73 during trading on Friday, reaching $257.96. The company's stock had a trading volume of 826,521 shares, compared to its average volume of 4,680,937. The company has a 50-day moving average price of $246.19 and a two-hundred day moving average price of $239.48. International Business Machines Co. has a fifty-two week low of $163.53 and a fifty-two week high of $269.28. The firm has a market cap of $239.75 billion, a PE ratio of 40.24, a P/E/G 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.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The business's quarterly revenue was up .5% compared to the same quarter last year. On average, analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.61%. International Business Machines's dividend payout ratio is currently 115.66%.

Analysts Set New Price Targets

IBM has been the subject of several recent research reports. Oppenheimer assumed coverage on shares of International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price for the company. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. UBS Group reissued a "sell" rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Wedbush restated an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $249.06.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the business'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 transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. The trade was a 37.10% decrease in their position. The sale was disclosed in a document filed 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.