1,286 Shares in International Business Machines Co. (NYSE:IBM) Bought by Seven Springs Wealth Group LLC

Seven Springs Wealth Group LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,286 shares of the technology company's stock, valued at approximately $283,000.

Several other large investors have also recently added to or reduced their stakes in IBM. Compass Financial Services Inc acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $26,000. Vision Financial Markets LLC bought a new stake in shares of International Business Machines during the fourth quarter worth $31,000. Avondale Wealth Management increased its stake in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after buying an additional 56 shares in the last quarter. Valued Wealth Advisors LLC lifted its position in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares in the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in International Business Machines during the 4th quarter worth about $35,000. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IBM shares. Royal Bank of Canada reiterated an "outperform" rating and set a $276.00 target price on shares of International Business Machines in a research report on Monday, April 14th. UBS Group restated a "sell" rating and set a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Oppenheimer began coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target on the stock. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a "hold" rating in a report on Thursday. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $242.41.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction dated 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 completion of the transaction, the senior vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

International Business Machines Stock Up 0.8 %

Shares of NYSE:IBM traded up $1.97 during midday trading on Monday, reaching $234.38. 1,569,769 shares of the company were exchanged, compared to its average volume of 4,209,370. The stock has a fifty day simple moving average of $245.34 and a two-hundred day simple moving average of $233.92. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. 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 firm has a market cap of $217.33 billion, a PE ratio of 36.54, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last released 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. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The firm's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 earnings per share. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.85%. International Business Machines's dividend payout ratio is 104.21%.

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.