Brady Martz Wealth Solutions LLC Buys Shares of 8,910 International Business Machines Co. (NYSE:IBM)

Brady Martz Wealth Solutions LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBM) in the 4th quarter, Holdings Channel reports. The firm purchased 8,910 shares of the technology company’s stock, valued at approximately $1,940,000.

A number of other institutional investors have also made changes to their positions in IBM. Arbor Trust Wealth Advisors LLC increased its position in shares of International Business Machines by 31.2% in the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 6,081 shares of the technology company’s stock valued at $1,337,000 after acquiring an additional 1,447 shares during the last quarter. Clarius Group LLC increased its position in shares of International Business Machines by 3.5% during the 4th quarter. Clarius Group LLC now owns 5,240 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 178 shares during the last quarter. Joule Financial LLC raised its stake in shares of International Business Machines by 39.9% during the 4th quarter. Joule Financial LLC now owns 7,569 shares of the technology company’s stock worth $1,664,000 after purchasing an additional 2,160 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of International Business Machines by 7.7% in the 4th quarter. Aaron Wealth Advisors LLC now owns 8,420 shares of the technology company’s stock valued at $1,851,000 after buying an additional 600 shares during the last quarter. Finally, Sandy Cove Advisors LLC grew its stake in shares of International Business Machines by 4.1% in the fourth quarter. Sandy Cove Advisors LLC now owns 3,023 shares of the technology company’s stock valued at $665,000 after buying an additional 118 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on IBM shares. UBS Group increased their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group raised their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Sanford C. Bernstein boosted their price target on 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. Jefferies Financial Group raised their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $215.81.

Insider Activity at International Business Machines

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

International Business Machines Price Performance

Shares of International Business Machines stock opened at $224.73 on Friday. The company has a 50-day simple moving average of $222.87 and a two-hundred day simple moving average of $210.66. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The stock has a market capitalization of $207.80 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating 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 business had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the company posted $2.20 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts forecast that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s payout ratio is currently 97.23%.

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.