SOA Wealth Advisors LLC. Acquires 139 Shares of International Business Machines Co. (NYSE:IBM)

SOA Wealth Advisors LLC. raised its position in International Business Machines Co. (NYSE:IBM) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,140 shares of the technology company’s stock after purchasing an additional 139 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in International Business Machines were worth $694,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lantz Financial LLC lifted its position in International Business Machines by 0.9% during the second quarter. Lantz Financial LLC now owns 11,935 shares of the technology company’s stock worth $2,064,000 after acquiring an additional 107 shares during the last quarter. Westside Investment Management Inc. boosted its stake in International Business Machines by 11.0% during the second quarter. Westside Investment Management Inc. now owns 819 shares of the technology company’s stock worth $147,000 after acquiring an additional 81 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of International Business Machines by 4.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 12,542 shares of the technology company’s stock worth $2,330,000 after purchasing an additional 488 shares during the last quarter. Fiduciary Financial Group LLC bought a new stake in shares of International Business Machines in the 2nd quarter worth $367,000. Finally, Silver Lake Advisory LLC increased its stake in International Business Machines by 63.7% in the 2nd quarter. Silver Lake Advisory LLC now owns 2,574 shares of the technology company’s stock valued at $445,000 after buying an additional 1,002 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IBM. Bank of America boosted their target price on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. UBS Group lifted their price objective on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Evercore ISI raised their price target on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. Finally, Bernstein Bank increased 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 research report on Thursday, October 3rd. Three 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 company has a consensus rating of “Hold” and a consensus target price of $208.12.

International Business Machines Stock Performance

Shares of IBM opened at $230.11 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm has a market cap of $212.77 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 5.16 and a beta of 0.73. International Business Machines Co. has a 12-month low of $157.88 and a 12-month high of $239.35. The company’s 50 day simple moving average is $222.17 and its 200-day simple moving average is $200.70.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $2.20 earnings per share. As a group, equities analysts predict that International Business Machines Co. will post 10.12 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. Stockholders 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 annualized dividend and a dividend yield of 2.90%. International Business Machines’s payout ratio is 97.23%.

Insider Buying and Selling

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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.

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.