Certified Advisory Corp Grows Stake in International Business Machines Co. (NYSE:IBM)

Certified Advisory Corp raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,815 shares of the technology company’s stock after buying an additional 137 shares during the quarter. Certified Advisory Corp’s holdings in International Business Machines were worth $1,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retireful LLC bought a new stake in shares of International Business Machines during the 4th quarter worth $629,000. JGP Wealth Management LLC raised its position in International Business Machines by 4.0% during the fourth quarter. JGP Wealth Management LLC now owns 1,419 shares of the technology company’s stock valued at $312,000 after purchasing an additional 55 shares in the last quarter. Ritholtz Wealth Management lifted its stake in International Business Machines by 10.9% during the fourth quarter. Ritholtz Wealth Management now owns 11,753 shares of the technology company’s stock worth $2,584,000 after purchasing an additional 1,157 shares during the last quarter. Carnegie Investment Counsel boosted its holdings in shares of International Business Machines by 4.6% in the 4th quarter. Carnegie Investment Counsel now owns 38,126 shares of the technology company’s stock worth $8,381,000 after purchasing an additional 1,680 shares in the last quarter. Finally, Tallon Kerry Patrick bought a new position in shares of International Business Machines during the 4th quarter valued at about $902,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

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 value of $774,720.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on IBM. Bank of America increased their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Jefferies Financial Group increased their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Bernstein Bank upped their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Morgan Stanley lifted their price target on shares of International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Finally, BMO Capital Markets lifted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $215.81.

International Business Machines Stock Up 1.1 %

Shares of IBM stock opened at $222.54 on Friday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $239.35. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company’s fifty day simple moving average is $222.47 and its two-hundred day simple moving average is $210.23. The stock has a market cap of $205.77 billion, a P/E ratio of 32.39, a PEG ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter in the previous year, the business posted $2.20 earnings per share. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts predict that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.00%. International Business Machines’s dividend payout ratio is currently 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.