Great Diamond Partners LLC Buys 108 Shares of International Business Machines Co. (NYSE:IBM)

Great Diamond Partners LLC grew its stake in International Business Machines Co. (NYSE:IBM) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,235 shares of the technology company’s stock after purchasing an additional 108 shares during the quarter. Great Diamond Partners LLC’s holdings in International Business Machines were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Centaurus Financial Inc. boosted its holdings in shares of International Business Machines by 128.6% during the second quarter. Centaurus Financial Inc. now owns 8,558 shares of the technology company’s stock worth $1,480,000 after acquiring an additional 4,814 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in International Business Machines by 4.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 8,470 shares of the technology company’s stock valued at $1,873,000 after purchasing an additional 377 shares during the period. Central Pacific Bank Trust Division increased its position in International Business Machines by 39.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,649 shares of the technology company’s stock worth $365,000 after buying an additional 470 shares during the period. Czech National Bank lifted its holdings in shares of International Business Machines by 7.2% during the third quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock worth $41,485,000 after buying an additional 12,599 shares in the last quarter. Finally, Curbstone Financial Management Corp boosted its position in shares of International Business Machines by 11.4% in the third quarter. Curbstone Financial Management Corp now owns 3,090 shares of the technology company’s stock valued at $683,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Bank of America lifted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group increased their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, BMO Capital Markets raised their price target on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $225.53.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s 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 sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by insiders.

International Business Machines Price Performance

IBM stock opened at $255.48 on Friday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $261.80. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market cap of $236.23 billion, a price-to-earnings ratio of 39.86, a P/E/G ratio of 4.25 and a beta of 0.74. The company has a 50 day simple moving average of $225.96 and a 200 day simple moving average of $213.86.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 40.37%. Research analysts anticipate that International Business Machines Co. will post 10.54 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

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.