Stonegate Investment Group LLC lifted its position in International Business Machines Co. (NYSE:IBM – Free Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,518 shares of the technology company’s stock after acquiring an additional 1,190 shares during the quarter. Stonegate Investment Group LLC’s holdings in International Business Machines were worth $3,191,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Kathmere Capital Management LLC lifted its holdings in International Business Machines by 16.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,571 shares of the technology company’s stock valued at $272,000 after buying an additional 225 shares in the last quarter. Creative Planning lifted its holdings in International Business Machines by 6.5% during the 2nd quarter. Creative Planning now owns 286,063 shares of the technology company’s stock valued at $49,475,000 after buying an additional 17,475 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in International Business Machines during the 2nd quarter valued at about $520,000. Silver Lake Advisory LLC lifted its holdings in International Business Machines by 14.2% during the 2nd quarter. Silver Lake Advisory LLC now owns 1,795 shares of the technology company’s stock valued at $310,000 after buying an additional 223 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of International Business Machines by 30.9% in the 2nd quarter. NewEdge Advisors LLC now owns 107,524 shares of the technology company’s stock valued at $18,597,000 after purchasing an additional 25,401 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.
International Business Machines Stock Down 0.3 %
NYSE:IBM opened at $224.06 on Tuesday. The company has a market cap of $207.18 billion, a PE ratio of 32.61, a P/E/G ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. 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 company’s 50 day moving average is $224.33 and its two-hundred day moving average is $212.82.
International Business Machines Dividend Announcement
Insider Buying and Selling at International Business Machines
In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Morgan Stanley boosted 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. BMO Capital Markets boosted their price target on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a report on Wednesday, October 2nd. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group lifted their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $220.73.
Read Our Latest Analysis on International Business Machines
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.
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