Spurstone Advisory Services LLC Purchases Shares of 550 International Business Machines Co. (NYSE:IBM)

Spurstone Advisory Services LLC acquired a new position in International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 550 shares of the technology company’s stock, valued at approximately $121,000. International Business Machines comprises 2.3% of Spurstone Advisory Services LLC’s portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Compass Financial Services Inc bought a new position in International Business Machines during the 4th quarter worth approximately $26,000. Vision Financial Markets LLC bought a new position in shares of International Business Machines in the fourth quarter worth approximately $31,000. Valued Wealth Advisors LLC increased its stake in shares of International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after buying an additional 90 shares during the period. Rialto Wealth Management LLC purchased a new stake in International Business Machines during the 4th quarter valued at $35,000. Finally, Tacita Capital Inc grew its holdings in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after acquiring an additional 122 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on IBM. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. UBS Group reiterated a “sell” rating and issued a $170.00 price objective (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of International Business Machines in a report on Wednesday, May 7th. Morgan Stanley cut their price target on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Finally, BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.06.

International Business Machines Trading Up 0.0%

International Business Machines stock opened at $266.70 on Monday. International Business Machines Co. has a 12 month low of $163.53 and a 12 month high of $267.98. The company has a market capitalization of $247.87 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. The business’s fifty day simple moving average is $243.74 and its two-hundred day simple moving average is $236.69. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analysts’ expectations of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 EPS. As a group, equities analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.52%. International Business Machines’s dividend payout ratio is 115.66%.

Insider Buying and Selling

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

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.