International Business Machines Co. (NYSE:IBM) Shares Bought by Gray Wealth Management Inc.

Gray Wealth Management Inc. increased its position in International Business Machines Co. (NYSE:IBM) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,119 shares of the technology company’s stock after buying an additional 313 shares during the quarter. Gray Wealth Management Inc.’s holdings in International Business Machines were worth $466,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IBM. Raymond James Financial Inc. acquired a new stake in International Business Machines during the fourth quarter valued at approximately $592,746,000. Holocene Advisors LP acquired a new stake in shares of International Business Machines during the 3rd quarter valued at $573,306,000. State Street Corp boosted its stake in shares of International Business Machines by 2.2% during the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock worth $12,307,940,000 after acquiring an additional 1,200,803 shares in the last quarter. KBC Group NV grew its holdings in shares of International Business Machines by 90.4% in the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock worth $370,909,000 after acquiring an additional 800,930 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its position in shares of International Business Machines by 23,311.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company’s stock worth $153,262,000 after purchasing an additional 694,204 shares during the period. Institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Stock Up 1.0 %

Shares of International Business Machines stock opened at $248.15 on Monday. The firm has a market cap of $230.10 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 5.81 and a beta of 0.74. The stock has a 50-day simple moving average of $244.23 and a 200-day simple moving average of $228.47. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.69%. The ex-dividend date was Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IBM shares. Wedbush assumed coverage on International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. UBS Group lifted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America lifted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their target price on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $231.44.

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.