International Business Machines Corporation $IBM Shares Bought by Journey Advisory Group LLC

Journey Advisory Group LLC raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 39.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,887 shares of the technology company’s stock after purchasing an additional 3,898 shares during the quarter. Journey Advisory Group LLC’s holdings in International Business Machines were worth $3,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Winnow Wealth LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at $27,000. Mountain Hill Investment Partners Corp. purchased a new stake in International Business Machines during the 3rd quarter valued at about $28,000. Trifecta Capital Advisors LLC increased its holdings in shares of International Business Machines by 129.1% in the third quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock valued at $36,000 after purchasing an additional 71 shares during the period. Legacy Wealth Managment LLC ID raised its stake in shares of International Business Machines by 48.5% in the second quarter. Legacy Wealth Managment LLC ID now owns 147 shares of the technology company’s stock worth $43,000 after purchasing an additional 48 shares during the last quarter. Finally, Davis Capital Management acquired a new stake in shares of International Business Machines during the third quarter worth about $54,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $257.20 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week high of $324.90. The stock’s 50-day moving average price is $294.08 and its 200-day moving average price is $284.00. The stock has a market capitalization of $240.41 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.57 and a beta of 0.69.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The company had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. During the same quarter in the prior year, the business posted $3.92 earnings per share. International Business Machines’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 60.27%.

Insider Activity

In related news, Director David N. Farr bought 1,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were acquired at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the transaction, the director directly owned 9,258 shares in the company, valued at $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Oppenheimer set a $380.00 price target on shares of International Business Machines and gave the stock an “outperform” rating in a report on Thursday, January 29th. Royal Bank Of Canada set a $361.00 price objective on shares of International Business Machines in a research note on Thursday, January 29th. Argus set a $360.00 target price on shares of International Business Machines in a report on Friday, January 30th. Stifel Nicolaus upped their price target on shares of International Business Machines from $325.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Evercore increased their price target on International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.07.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.