Certified Advisory Corp Buys 2,035 Shares of International Business Machines Co. (NYSE:IBM)

Certified Advisory Corp lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 43.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,678 shares of the technology company’s stock after purchasing an additional 2,035 shares during the period. Certified Advisory Corp’s holdings in International Business Machines were worth $1,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBM. Waddell & Associates LLC increased its holdings in shares of International Business Machines by 7.4% during the 3rd quarter. Waddell & Associates LLC now owns 4,461 shares of the technology company’s stock worth $986,000 after acquiring an additional 309 shares during the last quarter. Nwam LLC acquired a new position in International Business Machines in the 3rd quarter valued at $2,139,000. Meridian Wealth Management LLC acquired a new position in International Business Machines in the 3rd quarter valued at $12,802,000. GM Advisory Group LLC grew its holdings in International Business Machines by 1.1% in the 3rd quarter. GM Advisory Group LLC now owns 5,214 shares of the technology company’s stock valued at $1,153,000 after buying an additional 58 shares in the last quarter. Finally, Allen Capital Group LLC grew its holdings in International Business Machines by 1.9% in the 3rd quarter. Allen Capital Group LLC now owns 22,246 shares of the technology company’s stock valued at $4,918,000 after buying an additional 408 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.

International Business Machines Price Performance

International Business Machines stock opened at $223.02 on Friday. 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 has a market capitalization of $206.21 billion, a PE ratio of 32.46, a P/E/G ratio of 4.99 and a beta of 0.71. International Business Machines Co. has a 12 month low of $153.92 and a 12 month high of $237.37. The stock has a 50-day moving average price of $219.45 and a two-hundred day moving average price of $195.21.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the company earned $2.20 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Analysts expect that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 3.00%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Analysts Set New Price Targets

A number of brokerages have commented on IBM. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Morgan Stanley decreased their price objective on International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Bernstein Bank increased their target price on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $208.12.

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.