Sanders Morris Harris LLC Invests $201,000 in International Business Machines Co. (NYSE:IBM)

Sanders Morris Harris LLC bought a new position in International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 900 shares of the technology company’s stock, valued at approximately $201,000.

A number of other large investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its holdings in shares of International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after acquiring an additional 116 shares in the last quarter. Hara Capital LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at approximately $29,000. Avondale Wealth Management increased its stake in International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Modus Advisors LLC bought a new position in International Business Machines during the 4th quarter worth about $40,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of International Business Machines in the third quarter valued at about $43,000. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America lifted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets raised their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Bernstein Bank boosted their price target on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, October 3rd. Finally, UBS Group raised their price objective on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday. Two equities research 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 data from MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $215.81.

International Business Machines Stock Performance

Shares of IBM stock traded down $1.32 during trading on Thursday, reaching $218.71. 128,986 shares of the company’s stock were exchanged, compared to its average volume of 2,896,757. The firm’s fifty day moving average price is $222.34 and its 200-day moving average price is $210.16. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The stock has a market capitalization of $202.23 billion, a PE ratio of 31.84, a PEG ratio of 4.71 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.20 earnings per share. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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 yield of 3.05%. International Business Machines’s payout ratio is currently 97.23%.

Insiders Place Their Bets

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

International Business Machines Company 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.