Thoma Capital Management LLC Purchases Shares of 5,214 International Business Machines Co. (NYSE:IBM)

Thoma Capital Management LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,214 shares of the technology company's stock, valued at approximately $1,146,000. International Business Machines accounts for about 0.8% of Thoma Capital Management LLC's investment portfolio, making the stock its 15th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in International Business Machines by 16.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 908,083 shares of the technology company's stock valued at $199,624,000 after buying an additional 128,615 shares during the last quarter. Tableaux LLC acquired a new stake in International Business Machines during the 4th quarter valued at $385,000. Northstar Financial Companies Inc. acquired a new stake in International Business Machines during the 4th quarter valued at $1,027,000. Old North State Trust LLC grew its holdings in International Business Machines by 38.9% during the 4th quarter. Old North State Trust LLC now owns 6,109 shares of the technology company's stock valued at $1,343,000 after buying an additional 1,710 shares during the last quarter. Finally, Capstone Triton Financial Group LLC grew its holdings in International Business Machines by 1.9% during the 4th quarter. Capstone Triton Financial Group LLC now owns 6,990 shares of the technology company's stock valued at $1,537,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

International Business Machines Trading Down 0.6%

Shares of International Business Machines stock traded down $1.44 during trading on Thursday, reaching $258.80. 2,294,754 shares of the company were exchanged, compared to its average volume of 4,202,462. 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 Co. has a twelve month low of $163.53 and a twelve month high of $269.28. The business has a 50-day moving average price of $245.98 and a 200-day moving average price of $239.17. The firm 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 (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping 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%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 earnings per share. Sell-side analysts anticipate 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. Shareholders 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 is currently 115.66%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Bank of America increased their price target 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. Oppenheimer assumed coverage on International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target on the stock. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada boosted their price target on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $249.06.

International Business Machines 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.