International Business Machines Co. (NYSE:IBM) Shares Purchased by Thomasville National Bank

Thomasville National Bank boosted its stake in International Business Machines Co. (NYSE:IBM) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,402 shares of the technology company’s stock after buying an additional 577 shares during the period. Thomasville National Bank’s holdings in International Business Machines were worth $968,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IBM. Qsemble Capital Management LP acquired a new stake in International Business Machines in the second quarter worth $279,000. Federated Hermes Inc. increased its position in International Business Machines by 39.9% in the second quarter. Federated Hermes Inc. now owns 183,544 shares of the technology company’s stock worth $31,744,000 after buying an additional 52,385 shares during the period. Parallel Advisors LLC increased its holdings in shares of International Business Machines by 6.3% during the second quarter. Parallel Advisors LLC now owns 28,620 shares of the technology company’s stock valued at $4,950,000 after purchasing an additional 1,694 shares during the period. Thoroughbred Financial Services LLC increased its holdings in shares of International Business Machines by 98.2% during the second quarter. Thoroughbred Financial Services LLC now owns 8,880 shares of the technology company’s stock valued at $1,535,000 after purchasing an additional 4,400 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of International Business Machines by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,309,420 shares of the technology company’s stock valued at $226,464,000 after purchasing an additional 68,198 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by corporate insiders.

International Business Machines Stock Down 1.5 %

International Business Machines stock traded down $3.23 during mid-day trading on Monday, hitting $216.52. The company’s stock had a trading volume of 1,075,098 shares, compared to its average volume of 2,826,832. The firm’s 50 day moving average is $221.92 and its 200 day moving average is $209.52. The company has a market cap of $200.20 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same period in the prior year, the business earned $2.20 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts anticipate that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.09%. International Business Machines’s dividend payout ratio is 97.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IBM shares. Bank of America raised their price target on International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley raised their price target on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. Finally, BMO Capital Markets raised their target price on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Two investment 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. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $214.88.

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.