Liberty Square Wealth Partners LLC Invests $238,000 in International Business Machines Co. (NYSE:IBM)

Liberty Square Wealth Partners LLC bought a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,081 shares of the technology company's stock, valued at approximately $238,000.

A number of other institutional investors have also bought and sold shares of the business. Treasurer of the State of North Carolina raised its position in shares of International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after buying an additional 4,131 shares during the period. Blue Zone Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $242,000. Tranquilli Financial Advisor LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $373,000. Truist Financial Corp raised its position in shares of International Business Machines by 6.5% during the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock valued at $178,296,000 after buying an additional 49,591 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new stake in International Business Machines in the fourth quarter valued at approximately $3,000,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of a number of research analyst reports. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of International Business Machines in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and an average price target of $249.06.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the firm'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 transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $4.54 during trading hours on Tuesday, hitting $263.17. 3,281,641 shares of the stock were exchanged, compared to its average volume of 4,211,353. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company's 50 day moving average is $245.26 and its 200 day moving average is $238.85. The firm has a market capitalization of $244.59 billion, a P/E ratio of 41.06, a P/E/G ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a one year low of $163.53 and a one year high of $269.28.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the prior year, the firm earned $1.68 EPS. The business's revenue was up .5% on a year-over-year basis. On average, research analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.55%. International Business Machines's payout ratio is 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.