International Business Machines Co. (NYSE:IBM) Shares Acquired by Burney Co.

Burney Co. lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,640 shares of the technology company’s stock after purchasing an additional 337 shares during the period. Burney Co.’s holdings in International Business Machines were worth $4,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Apella Capital LLC boosted its holdings in International Business Machines by 3.1% in the fourth quarter. Apella Capital LLC now owns 4,948 shares of the technology company’s stock valued at $1,088,000 after purchasing an additional 149 shares in the last quarter. S.E.E.D. Planning Group LLC boosted its holdings in International Business Machines by 2.0% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 6,348 shares of the technology company’s stock valued at $1,396,000 after purchasing an additional 126 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in International Business Machines by 8.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,705 shares of the technology company’s stock valued at $1,475,000 after purchasing an additional 534 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in International Business Machines by 14.5% in the fourth quarter. Park Avenue Securities LLC now owns 20,024 shares of the technology company’s stock valued at $4,402,000 after purchasing an additional 2,529 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in International Business Machines by 91.3% in the fourth quarter. Kathmere Capital Management LLC now owns 3,506 shares of the technology company’s stock valued at $771,000 after purchasing an additional 1,673 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

International Business Machines stock opened at $220.07 on Thursday. The business has a 50 day simple moving average of $222.34 and a 200-day simple moving average of $210.16. The stock has a market capitalization of $203.49 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74. 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 Co. has a 12 month low of $162.62 and a 12 month high of $239.35.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The firm had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 earnings per share. Equities analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley upped their price target on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. 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 report on Monday, October 21st. Finally, BMO Capital Markets increased their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $215.81.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction 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 owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by company insiders.

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.