Financial & Tax Architects LLC Sells 1,354 Shares of International Business Machines Co. (NYSE:IBM)

Financial & Tax Architects LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,763 shares of the technology company’s stock after selling 1,354 shares during the period. International Business Machines makes up approximately 1.9% of Financial & Tax Architects LLC’s holdings, making the stock its 12th largest holding. Financial & Tax Architects LLC’s holdings in International Business Machines were worth $7,422,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its holdings in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after buying an additional 166 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of International Business Machines in the second quarter worth about $7,160,000. Philip James Wealth Mangement LLC bought a new stake in shares of International Business Machines in the third quarter worth about $5,117,000. Nordea Investment Management AB grew its stake in shares of International Business Machines by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after purchasing an additional 4,625 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of International Business Machines in the third quarter worth about $24,761,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IBM. Morgan Stanley raised their target price on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Bank of America boosted their price target 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. Jefferies Financial Group boosted their price target on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Bernstein Bank boosted their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $215.81.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction 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 approximately $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $2.07 during mid-day trading on Friday, reaching $224.73. 5,481,686 shares of the company traded hands, compared to its average volume of 2,994,162. The company’s 50 day moving average price is $222.65 and its 200-day moving average price is $210.31. The firm has a market cap of $207.80 billion, a PE ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74. 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 Co. has a 52 week low of $162.62 and a 52 week high of $239.35.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the firm earned $2.20 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

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.