International Business Machines Co. (NYSE:IBM) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,867 shares of the technology company's stock after buying an additional 25,071 shares during the period. Tidal Investments LLC's holdings in International Business Machines were worth $37,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines during the fourth quarter worth approximately $31,000. Valued Wealth Advisors LLC raised its holdings in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares in the last quarter. Rialto Wealth Management LLC bought a new stake in International Business Machines during the fourth quarter worth approximately $35,000. Finally, Tacita Capital Inc raised its holdings 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 purchasing an additional 122 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

International Business Machines Price Performance

IBM opened at $266.70 on Friday. The stock has a fifty day moving average of $243.74 and a 200-day moving average of $236.48. The firm has a market capitalization of $247.87 billion, a P/E ratio of 41.61, a PEG 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 $267.98. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

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, beating analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion during 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%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. Equities analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.52%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 115.66%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IBM. JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Morgan Stanley dropped their target price on 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. Finally, UBS Group reissued a "sell" rating and set a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, International Business Machines has an average rating of "Moderate Buy" and an average price target of $249.06.

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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