Twelve Points Wealth Management LLC Purchases 398 Shares of International Business Machines Co. (NYSE:IBM)

Twelve Points Wealth Management LLC boosted its stake in International Business Machines Co. (NYSE:IBM) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 9,656 shares of the technology company’s stock after acquiring an additional 398 shares during the period. Twelve Points Wealth Management LLC’s holdings in International Business Machines were worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Thrive Wealth Management LLC increased its stake in shares of International Business Machines by 0.9% in the 4th quarter. Thrive Wealth Management LLC now owns 7,311 shares of the technology company’s stock worth $1,196,000 after purchasing an additional 64 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in shares of International Business Machines by 2.9% in the third quarter. Journey Strategic Wealth LLC now owns 2,459 shares of the technology company’s stock worth $345,000 after buying an additional 69 shares during the period. Perkins Coie Trust Co raised its stake in shares of International Business Machines by 0.3% in the third quarter. Perkins Coie Trust Co now owns 21,220 shares of the technology company’s stock worth $2,977,000 after buying an additional 72 shares during the period. Equitable Trust Co. raised its stake in shares of International Business Machines by 1.1% in the third quarter. Equitable Trust Co. now owns 6,792 shares of the technology company’s stock worth $953,000 after buying an additional 72 shares during the period. Finally, Resurgent Financial Advisors LLC raised its stake in shares of International Business Machines by 19.8% in the second quarter. Resurgent Financial Advisors LLC now owns 442 shares of the technology company’s stock worth $59,000 after buying an additional 73 shares during the period. Institutional investors own 56.16% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of several recent research reports. Societe Generale reaffirmed a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. Sanford C. Bernstein increased their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Royal Bank of Canada increased their target price on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Bank of America increased their target price on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Stifel Nicolaus raised their price target on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $176.85.

International Business Machines Trading Down 0.6 %

Shares of IBM stock traded down $1.09 on Friday, reaching $190.82. 3,987,799 shares of the company’s stock were exchanged, compared to its average volume of 5,318,822. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The company’s fifty day simple moving average is $184.91 and its 200 day simple moving average is $162.90. The stock has a market capitalization of $174.93 billion, a PE ratio of 23.47, a P/E/G ratio of 3.80 and a beta of 0.70. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. International Business Machines’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.60 EPS. As a group, analysts forecast that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

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.