Investor s Fiduciary Advisor Network LLC Buys Shares of 1,583 International Business Machines Co. (NYSE:IBM)

Investor s Fiduciary Advisor Network LLC acquired a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,583 shares of the technology company's stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital World Investors raised its stake in International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after buying an additional 9,650,534 shares during the period. Norges Bank purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $1,236,176,000. Raymond James Financial Inc. purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $592,746,000. Northern Trust Corp raised its stake in shares of International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after purchasing an additional 1,704,209 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of International Business Machines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company'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 transaction of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Morgan Stanley lowered their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Bank of America increased their price target on International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research note on Saturday. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $248.50.

International Business Machines Price Performance

NYSE:IBM traded down $0.40 during trading hours on Wednesday, hitting $258.19. 3,634,691 shares of the company's stock traded hands, compared to its average volume of 4,218,584. The firm has a market cap of $239.96 billion, a P/E ratio of 40.28, 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 $266.45. The business's fifty day simple moving average is $243.26 and its two-hundred day simple moving average is $235.35. 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 posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. During the same quarter last year, the company earned $1.68 earnings per share. The firm's quarterly revenue was up .5% on a year-over-year basis. On average, research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal 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 issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.60%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 115.66%.

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.