Helium Advisors LLC Purchases New Stake in International Business Machines Co. (NYSE:IBM)

Helium Advisors LLC purchased a new stake in International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,036 shares of the technology company's stock, valued at approximately $228,000.

Other large investors have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in International Business Machines in the 4th quarter valued at $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines in the 4th quarter valued at $31,000. Valued Wealth Advisors LLC raised its stake in International Business Machines by 134.3% in 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 bought a new stake in International Business Machines in the 4th quarter valued at $35,000. Finally, Tacita Capital Inc increased its position in International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after buying an additional 122 shares during the period. Institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. UBS Group reiterated a "sell" rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Bank of America increased their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $249.06.

International Business Machines Stock Performance

IBM opened at $258.20 on Friday. The firm has a market cap of $239.97 billion, a P/E ratio of 40.28, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 52-week low of $163.53 and a 52-week high of $269.28. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business's fifty day moving average is $244.89 and its 200-day moving average is $237.84.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. International Business Machines's quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid 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 yield of 2.60%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

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.

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