International Business Machines Corporation $IBM Shares Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. lifted its stake in International Business Machines Corporation (NYSE:IBMFree Report) by 21.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,296 shares of the technology company’s stock after purchasing an additional 3,728 shares during the quarter. Savvy Advisors Inc.’s holdings in International Business Machines were worth $6,308,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. purchased a new position in shares of International Business Machines in the third quarter worth $28,000. SWAN Capital LLC purchased a new stake in shares of International Business Machines during the third quarter valued at $28,000. Trifecta Capital Advisors LLC increased its position in shares of International Business Machines by 129.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock valued at $36,000 after acquiring an additional 71 shares during the period. American Wealth Advisors LLC purchased a new position in International Business Machines in the 3rd quarter worth $40,000. Finally, Davis Capital Management acquired a new stake in International Business Machines during the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Activity at International Business Machines

In other news, Director David N. Farr purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the transaction, the director owned 9,258 shares in the company, valued at $2,814,432. This represents a 12.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Miebach acquired 434 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the acquisition, the director directly owned 434 shares of the company’s stock, valued at $101,265.22. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 1,484 shares of company stock valued at $417,157. Insiders own 0.27% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $247.86 on Friday. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week high of $324.90. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67. The stock has a market cap of $232.50 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.47 and a beta of 0.69. The business has a 50-day simple moving average of $260.22 and a 200-day simple moving average of $284.04.

International Business Machines (NYSE:IBMGet Free Report) last posted its earnings results on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, topping the consensus estimate of $4.33 by $0.19. The firm had revenue of $19.69 billion for the quarter, compared to analyst estimates of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.International Business Machines’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $3.92 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is presently 60.27%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada set a $361.00 price objective on International Business Machines in a report on Thursday, January 29th. Bank of America lifted their target price on International Business Machines from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of International Business Machines in a report on Thursday, January 22nd. JPMorgan Chase & Co. reduced their price target on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Finally, DZ Bank upgraded shares of International Business Machines to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $314.60.

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About International Business Machines

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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