GAMMA Investing LLC Increases Stock Position in International Business Machines Co. (NYSE:IBM)

GAMMA Investing LLC lifted its holdings in International Business Machines Co. (NYSE:IBM) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,832 shares of the technology company’s stock after buying an additional 1,281 shares during the quarter. GAMMA Investing LLC’s holdings in International Business Machines were worth $3,261,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IBM. Hazlett Burt & Watson Inc. increased its stake in shares of International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC bought a new stake in International Business Machines in the third quarter worth $29,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of International Business Machines in the second quarter worth $36,000. Capital Performance Advisors LLP purchased a new position in shares of International Business Machines in the 3rd quarter worth about $43,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its stake in International Business Machines by 47.2% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 240 shares of the technology company’s stock worth $53,000 after purchasing an additional 77 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Trading Up 0.1 %

NYSE:IBM opened at $219.94 on Friday. International Business Machines Co. has a one year low of $157.88 and a one year high of $239.35. The business has a fifty day moving average price of $220.34 and a 200-day moving average price of $206.80. The firm has a market capitalization of $203.37 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 5.18 and a beta of 0.73. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter in the prior year, the business posted $2.20 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Sell-side analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.04%. International Business Machines’s payout ratio is currently 97.23%.

Analyst Ratings Changes

Several brokerages have recently issued reports on IBM. BMO Capital Markets upped their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bernstein Bank upped their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Finally, Evercore ISI lifted their price target on shares of International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $208.94.

About International Business Machines

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.