International Business Machines Co. (NYSE:IBM) Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,900 shares of the technology company's stock after purchasing an additional 5,718 shares during the quarter. Waverly Advisors LLC's holdings in International Business Machines were worth $9,211,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of IBM. Tallon Kerry Patrick acquired a new position in shares of International Business Machines during the fourth quarter valued at approximately $902,000. MassMutual Private Wealth & Trust FSB increased its position in shares of International Business Machines by 3.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 8,725 shares of the technology company's stock valued at $1,918,000 after purchasing an additional 255 shares during the period. Hoese & Co LLP bought a new stake in shares of International Business Machines in the 4th quarter worth $78,000. Tudor Financial Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth $346,000. Finally, Ballentine Partners LLC raised its stake in shares of International Business Machines by 5.7% in the 4th quarter. Ballentine Partners LLC now owns 20,127 shares of the technology company's stock worth $4,425,000 after buying an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 0.6%

Shares of International Business Machines stock opened at $266.76 on Wednesday. The firm has a market capitalization of $247.93 billion, a PE ratio of 41.62, a price-to-earnings-growth 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 quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock's fifty day moving average is $244.53 and its 200-day moving average is $237.32.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly 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. The firm 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 previous year, the firm earned $1.68 earnings per share. Equities analysts anticipate that International Business Machines Co. will post 10.78 earnings per share 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. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.52%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is presently 115.66%.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction 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. The trade was a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

IBM has been the topic of a number of research reports. Royal Bank of Canada boosted their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Bank of America boosted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $249.06.

About International Business Machines

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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