Lynch & Associates IN Has $10.61 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Lynch & Associates IN raised its holdings in International Business Machines Co. (NYSE:IBM) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 48,259 shares of the technology company’s stock after purchasing an additional 278 shares during the quarter. International Business Machines comprises approximately 2.3% of Lynch & Associates IN’s holdings, making the stock its 11th biggest holding. Lynch & Associates IN’s holdings in International Business Machines were worth $10,609,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. boosted its position in shares of International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares during the last quarter. Hara Capital LLC bought a new stake in International Business Machines during the third quarter worth about $29,000. Avondale Wealth Management grew its holdings in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Modus Advisors LLC purchased a new position in International Business Machines in the 4th quarter worth $40,000. Finally, Capital Performance Advisors LLP purchased a new stake in International Business Machines during the third quarter valued at about $43,000. Institutional investors own 58.96% of the company’s stock.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent research reports. BMO Capital Markets raised their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. Bernstein Bank raised their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Morgan Stanley boosted their price objective on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $214.88.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $3.78 during trading hours on Friday, reaching $219.40. The company’s stock had a trading volume of 3,528,487 shares, compared to its average volume of 3,120,965. The stock has a market cap of $202.87 billion, a P/E ratio of 31.94, a P/E/G ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a one year low of $160.29 and a one year high of $239.35. The firm has a 50 day moving average price of $221.70 and a 200-day moving average price of $208.69. 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 issued its 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 net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the company posted $2.20 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.04%. International Business Machines’s dividend payout ratio is currently 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.