International Business Machines Co. (NYSE:IBM) Shares Purchased by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBMFree Report) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,485 shares of the technology company’s stock after purchasing an additional 881 shares during the period. Paragon Private Wealth Management LLC’s holdings in International Business Machines were worth $897,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Naples Money Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth $28,000. Briaud Financial Planning Inc acquired a new stake in shares of International Business Machines in the 3rd quarter worth $31,000. Stone House Investment Management LLC lifted its stake in shares of International Business Machines by 971.4% in the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 204 shares during the period. Financial Gravity Asset Management Inc. lifted its stake in shares of International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 91 shares during the period. Finally, Cordant Inc. lifted its stake in shares of International Business Machines by 753.3% in the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after acquiring an additional 226 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on IBM shares. Sanford C. Bernstein raised their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Jefferies Financial Group cut their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Bank of America increased their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Morgan Stanley cut their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $181.29.

Check Out Our Latest Stock Analysis on International Business Machines

International Business Machines Price Performance

NYSE:IBM traded up $0.06 during mid-day trading on Friday, hitting $169.03. 2,956,387 shares of the company’s stock traded hands, compared to its average volume of 4,915,095. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The firm’s 50 day simple moving average is $181.36 and its 200 day simple moving average is $173.39. International Business Machines Co. has a 1 year low of $125.01 and a 1 year high of $199.18. The company has a market cap of $155.27 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 4.16 and a beta of 0.74.

International Business Machines (NYSE:IBMGet Free Report) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same period last year, the firm posted $1.36 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts expect that International Business Machines Co. will post 9.91 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.95%. International Business Machines’s payout ratio is 75.65%.

International Business Machines Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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