Inspire Trust Co. N.A. Has $6.49 Million Stock Holdings in International Business Machines Corporation $IBM

Inspire Trust Co. N.A. boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 27.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,000 shares of the technology company’s stock after purchasing an additional 5,000 shares during the quarter. International Business Machines accounts for about 1.2% of Inspire Trust Co. N.A.’s investment portfolio, making the stock its 20th biggest holding. Inspire Trust Co. N.A.’s holdings in International Business Machines were worth $6,490,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IBM. Winnow Wealth LLC bought a new position in shares of International Business Machines during the second quarter worth $27,000. Mountain Hill Investment Partners Corp. bought a new position in International Business Machines during the third quarter worth about $28,000. Trifecta Capital Advisors LLC lifted its holdings in International Business Machines by 129.1% during the third quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock worth $36,000 after acquiring an additional 71 shares in the last quarter. Legacy Wealth Managment LLC ID grew its stake in International Business Machines by 48.5% in the second quarter. Legacy Wealth Managment LLC ID now owns 147 shares of the technology company’s stock valued at $43,000 after acquiring an additional 48 shares during the period. Finally, Davis Capital Management bought a new stake in shares of International Business Machines in the third quarter worth about $54,000. Institutional investors own 58.96% of the company’s stock.

Insider Activity at International Business Machines

In related news, Director David N. Farr acquired 1,000 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was bought at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the acquisition, the director directly owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. The trade was a 12.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

International Business Machines Trading Up 0.4%

NYSE:IBM opened at $257.20 on Friday. The company has a market cap of $240.41 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 2.58 and a beta of 0.69. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The business has a 50 day moving average price of $294.08 and a two-hundred day moving average price of $284.23. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $19.23 billion. During the same period last year, the company earned $3.92 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada set a $361.00 price objective on International Business Machines in a report on Thursday, January 29th. UBS Group set a $317.00 target price on shares of International Business Machines in a report on Thursday, January 29th. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday. DZ Bank raised shares of International Business Machines to a “hold” rating in a research report on Wednesday, February 11th. Finally, Bank of America raised their price objective on shares of International Business Machines from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus target price of $330.07.

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.