Vise Technologies Inc. Purchases Shares of 64,406 International Business Machines Corporation $IBM

Vise Technologies Inc. bought a new stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 64,406 shares of the technology company’s stock, valued at approximately $18,112,000.

A number of other institutional investors have also modified their holdings of the company. Basepoint Wealth LLC acquired a new position in International Business Machines during the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC acquired a new position in shares of International Business Machines during the 1st quarter valued at $26,000. Harborfront Financial Group LLC purchased a new stake in International Business Machines during the 2nd quarter worth $27,000. Cornerstone Financial Management LLC purchased a new stake in International Business Machines during the 4th quarter worth $28,000. Finally, SWAN Capital LLC acquired a new stake in International Business Machines in the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the transaction, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Needham & Company LLC started coverage on International Business Machines in a research note on Wednesday, June 3rd. They set a “buy” rating on the stock. HSBC set a $175.00 price objective on shares of International Business Machines and gave the stock a “reduce” rating in a report on Thursday, July 16th. Robert W. Baird initiated coverage on International Business Machines in a report on Tuesday, July 21st. They issued a “neutral” rating and a $230.00 price target for the company. KeyCorp lowered shares of International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. Finally, Wolfe Research cut shares of International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Sixteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $265.90.

International Business Machines Stock Up 0.1%

Shares of International Business Machines stock opened at $234.87 on Friday. The stock has a market capitalization of $221.28 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.24 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The business’s 50 day simple moving average is $241.67 and its 200-day simple moving average is $247.13.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The company had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $17.46 billion. During the same period last year, the business posted $2.80 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $1.69 dividend. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 2.9%. International Business Machines’s dividend payout ratio (DPR) is currently 59.98%.

International Business Machines Profile

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.