International Business Machines Co. (NYSE:IBM) Shares Acquired by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC increased its position in International Business Machines Co. (NYSE:IBM) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,348 shares of the technology company’s stock after buying an additional 126 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in International Business Machines were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of International Business Machines by 8.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,705 shares of the technology company’s stock worth $1,475,000 after purchasing an additional 534 shares during the period. Park Avenue Securities LLC increased its position in International Business Machines by 14.5% during the 4th quarter. Park Avenue Securities LLC now owns 20,024 shares of the technology company’s stock worth $4,402,000 after purchasing an additional 2,529 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in International Business Machines by 91.3% in the fourth quarter. Kathmere Capital Management LLC now owns 3,506 shares of the technology company’s stock valued at $771,000 after buying an additional 1,673 shares during the period. Assenagon Asset Management S.A. lifted its position in International Business Machines by 37.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 471,425 shares of the technology company’s stock valued at $103,633,000 after buying an additional 129,416 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC grew its stake in International Business Machines by 4.6% during the fourth quarter. Ullmann Wealth Partners Group LLC now owns 5,792 shares of the technology company’s stock worth $1,273,000 after buying an additional 255 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBM. The Goldman Sachs Group lifted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Bank of America upped their target price on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bernstein Bank upped their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Finally, DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus target price of $215.81.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Price Performance

Shares of IBM stock opened at $217.54 on Wednesday. The firm has a fifty day moving average of $222.34 and a two-hundred day moving average of $210.16. The firm has a market cap of $201.15 billion, a P/E ratio of 31.67, a P/E/G ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.20 earnings per share. As a group, research analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.07%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

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.