International Business Machines Corporation $IBM Shares Bought by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC grew its holdings in International Business Machines Corporation (NYSE:IBM) by 16.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 32,827 shares of the technology company’s stock after buying an additional 4,599 shares during the quarter. LaFleur & Godfrey LLC’s holdings in International Business Machines were worth $9,262,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Winnow Wealth LLC acquired a new position in International Business Machines during the 2nd quarter worth $27,000. Mountain Hill Investment Partners Corp. acquired a new stake in International Business Machines in the 3rd quarter valued at about $28,000. Trifecta Capital Advisors LLC boosted its stake in shares of International Business Machines by 129.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock valued at $36,000 after buying an additional 71 shares during the period. Legacy Wealth Managment LLC ID grew its position in shares of International Business Machines by 48.5% during the second quarter. Legacy Wealth Managment LLC ID now owns 147 shares of the technology company’s stock worth $43,000 after buying an additional 48 shares in the last quarter. Finally, Davis Capital Management acquired a new position in shares of International Business Machines during the third quarter worth about $54,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.4%

NYSE IBM opened at $257.20 on Monday. The firm’s fifty day moving average price is $294.08 and its 200 day moving average price is $284.45. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92. The company has a market capitalization of $240.41 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.58 and a beta of 0.69.

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

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be given a $1.68 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. International Business Machines’s dividend payout ratio is 60.27%.

Analysts Set New Price Targets

Several brokerages recently weighed in on IBM. Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. BMO Capital Markets reissued a “market perform” rating and issued a $350.00 price objective on shares of International Business Machines in a research report on Thursday, January 29th. Weiss Ratings restated a “buy (b)” rating on shares of International Business Machines in a report on Thursday, January 22nd. Dbs Bank upgraded shares of International Business Machines from a “hold” rating to a “moderate buy” rating in a research note on Monday, January 19th. Finally, Stifel Nicolaus increased their target price on International Business Machines from $325.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $330.07.

Insider Transactions at International Business Machines

In other news, Director David N. Farr purchased 1,000 shares of the business’s stock in a transaction on Friday, January 30th. The shares were bought at an average price of $304.00 per share, with a total value of $304,000.00. Following the completion of the transaction, the director directly owned 9,258 shares in the company, valued at approximately $2,814,432. This represents a 12.11% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.