International Business Machines Co. (NYSE:IBM) Shares Purchased by Burford Brothers Inc.

Burford Brothers Inc. boosted its holdings in International Business Machines Co. (NYSE:IBM) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,685 shares of the technology company’s stock after acquiring an additional 73 shares during the period. Burford Brothers Inc.’s holdings in International Business Machines were worth $1,030,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Narus Financial Partners LLC grew its holdings in shares of International Business Machines by 8.5% during the fourth quarter. Narus Financial Partners LLC now owns 2,238 shares of the technology company’s stock worth $492,000 after buying an additional 175 shares in the last quarter. Evernest Financial Advisors LLC grew its holdings in shares of International Business Machines by 15.9% during the fourth quarter. Evernest Financial Advisors LLC now owns 1,768 shares of the technology company’s stock worth $389,000 after buying an additional 242 shares in the last quarter. Hunter Associates Investment Management LLC grew its holdings in shares of International Business Machines by 0.6% during the fourth quarter. Hunter Associates Investment Management LLC now owns 13,210 shares of the technology company’s stock worth $2,900,000 after buying an additional 85 shares in the last quarter. Heritage Financial Services LLC grew its holdings in shares of International Business Machines by 2.4% during the fourth quarter. Heritage Financial Services LLC now owns 4,799 shares of the technology company’s stock worth $1,055,000 after buying an additional 111 shares in the last quarter. Finally, Sonora Investment Management Group LLC grew its holdings in shares of International Business Machines by 3.4% during the fourth quarter. Sonora Investment Management Group LLC now owns 106,946 shares of the technology company’s stock worth $23,510,000 after buying an additional 3,531 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Down 1.1 %

NYSE IBM opened at $255.48 on Monday. The company’s fifty day simple moving average is $226.61 and its 200-day simple moving average is $214.56. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $261.80. 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 stock has a market cap of $236.23 billion, a P/E ratio of 39.86, a PEG ratio of 4.25 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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 40.37%. Equities research analysts predict that International Business Machines Co. will post 10.54 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.61%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines 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 sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IBM shares. UBS Group raised 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. JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Jefferies Financial Group raised their target price on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $225.53.

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.