Tableaux LLC Acquires Shares of 1,753 International Business Machines Co. (NYSE:IBM)

Tableaux LLC purchased a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,753 shares of the technology company's stock, valued at approximately $385,000.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IBM. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Royal Bank of Canada lifted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Bank of America lifted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, KGI Securities set a $242.00 price target on shares of International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. One 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 given a strong buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and a consensus price target of $249.06.

International Business Machines Trading Down 0.6%

NYSE:IBM traded down $1.44 on Thursday, hitting $258.80. 2,294,754 shares of the stock were exchanged, compared to its average volume of 4,202,462. The stock has a market capitalization of $240.53 billion, a price-to-earnings ratio of 40.37, a P/E/G 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 company's 50-day moving average price is $245.98 and its 200 day moving average price is $239.17.

International Business Machines (NYSE:IBM - Get Free Report) last posted 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 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 EPS. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 annualized dividend and a dividend yield of 2.60%. International Business Machines's payout ratio is currently 115.66%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction that occurred on 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 owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by insiders.

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.