International Business Machines Co. (NYSE:IBM) Shares Purchased by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC raised its holdings in International Business Machines Co. (NYSE:IBM) by 14.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,845 shares of the technology company’s stock after acquiring an additional 720 shares during the period. Elevated Capital Advisors LLC’s holdings in International Business Machines were worth $1,285,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Qsemble Capital Management LP acquired a new stake in shares of International Business Machines in the second quarter worth approximately $279,000. Federated Hermes Inc. grew its stake in shares of International Business Machines by 39.9% during the 2nd quarter. Federated Hermes Inc. now owns 183,544 shares of the technology company’s stock valued at $31,744,000 after buying an additional 52,385 shares during the period. Parallel Advisors LLC increased its holdings in shares of International Business Machines by 6.3% during the 2nd quarter. Parallel Advisors LLC now owns 28,620 shares of the technology company’s stock worth $4,950,000 after buying an additional 1,694 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in International Business Machines by 98.2% in the second quarter. Thoroughbred Financial Services LLC now owns 8,880 shares of the technology company’s stock valued at $1,535,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in International Business Machines by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,309,420 shares of the technology company’s stock valued at $226,464,000 after acquiring an additional 68,198 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.1 %

Shares of IBM stock traded down $2.36 during trading hours on Monday, hitting $217.39. 3,554,697 shares of the company were exchanged, compared to its average volume of 2,968,308. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market capitalization of $201.01 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The business’s 50-day simple moving average is $221.92 and its two-hundred day simple moving average is $209.52.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $15.08 billion. During the same quarter last year, the firm earned $2.20 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts predict that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Analysts Set New Price Targets

IBM has been the topic of a number of research reports. The Goldman Sachs Group raised their price objective on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Bank of America raised their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Sanford C. Bernstein upped their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, DZ Bank cut 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 assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $214.88.

Insider Buying and Selling

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The shares were 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 owns 25,390 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.

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.