International Business Machines Corporation $IBM Shares Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated lifted its stake in International Business Machines Corporation (NYSE:IBM) by 46.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,788 shares of the technology company’s stock after purchasing an additional 3,127 shares during the quarter. Silver Oak Securities Incorporated’s holdings in International Business Machines were worth $2,957,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its holdings in International Business Machines by 1.4% in the 4th quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock valued at $708,000 after buying an additional 33 shares in the last quarter. Foster Group Inc. raised its holdings in shares of International Business Machines by 1.3% during the 4th quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after acquiring an additional 33 shares during the period. New Covenant Trust Company N.A. boosted its position in shares of International Business Machines by 3.8% during the 4th quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after acquiring an additional 33 shares during the last quarter. CFS Investment Advisory Services LLC boosted its position in shares of International Business Machines by 0.4% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock valued at $2,878,000 after acquiring an additional 34 shares during the last quarter. Finally, KPP Advisory Services LLC grew its holdings in shares of International Business Machines by 1.7% in the third quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock valued at $584,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael Miebach bought 434 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was purchased at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the acquisition, the director owned 434 shares of the company’s stock, valued at approximately $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David N. Farr bought 1,000 shares of the business’s stock in a transaction on Friday, January 30th. The stock was purchased at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the transaction, the director owned 9,258 shares of the company’s stock, valued at $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 1,484 shares of company stock valued at $417,157 in the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Stock Up 0.4%

Shares of IBM opened at $237.17 on Tuesday. The firm has a market cap of $222.47 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.37 and a beta of 0.73. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90. The company’s 50-day moving average price is $264.11 and its 200 day moving average price is $284.53. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company had revenue of $19.69 billion during the quarter, compared to analyst estimates of $19.23 billion. During the same quarter last year, the firm posted $3.92 earnings per share. International Business Machines’s revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, February 10th. International Business Machines’s dividend payout ratio is currently 60.27%.

Analysts Set New Price Targets

A number of equities analysts have commented on IBM shares. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. DZ Bank raised shares of International Business Machines to a “hold” rating in a research note on Wednesday, February 11th. Argus set a $360.00 price target on shares of International Business Machines in a report on Friday, January 30th. Bank of America lifted their price target on shares of International Business Machines from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Dbs Bank upgraded International Business Machines from a “hold” rating to a “moderate buy” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $314.60.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.