International Business Machines Co. (NYSE:IBM) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP boosted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 22.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,270 shares of the technology company's stock after acquiring an additional 1,506 shares during the period. Forum Financial Management LP's holdings in International Business Machines were worth $1,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBM. JBR Co Financial Management Inc raised its holdings in shares of International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after acquiring an additional 40 shares during the period. Wealth Dimensions Group Ltd. increased its position in International Business Machines by 1.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after purchasing an additional 40 shares during the last quarter. Schechter Investment Advisors LLC boosted its holdings in International Business Machines by 0.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after purchasing an additional 43 shares during the last quarter. Titleist Asset Management LLC grew its stake in shares of International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after buying an additional 43 shares during the period. Finally, Callan Capital LLC increased its holdings in shares of International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after buying an additional 44 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on 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 in the company, valued at approximately $11,387,221.07. This represents a 37.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

IBM has been the topic of a number of recent analyst reports. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. JPMorgan Chase & Co. lifted their target price on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Royal Bank of Canada upped their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley lowered their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $249.06.

International Business Machines Stock Down 0.8%

Shares of IBM stock traded down $2.00 during trading hours on Wednesday, reaching $261.23. 895,380 shares of the stock were exchanged, compared to its average volume of 4,198,282. The business's fifty day moving average is $245.65 and its two-hundred day moving average is $239.02. The firm has a market capitalization of $242.79 billion, a P/E ratio of 40.75, a P/E/G ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 12-month low of $163.53 and a 12-month high of $269.28. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. As a group, research analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.57%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

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.