Signet Financial Management LLC Acquires 216 Shares of International Business Machines Co. (NYSE:IBM)

Signet Financial Management LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,261 shares of the technology company’s stock after purchasing an additional 216 shares during the quarter. Signet Financial Management LLC’s holdings in International Business Machines were worth $2,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peddock Capital Advisors LLC lifted its position in International Business Machines by 0.8% during the fourth quarter. Peddock Capital Advisors LLC now owns 10,326 shares of the technology company’s stock worth $2,270,000 after purchasing an additional 86 shares during the period. Pallas Capital Advisors LLC lifted its holdings in shares of International Business Machines by 3.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,763 shares of the technology company’s stock worth $1,047,000 after acquiring an additional 153 shares during the period. Miracle Mile Advisors LLC boosted its position in shares of International Business Machines by 138.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 3,730 shares of the technology company’s stock worth $820,000 after acquiring an additional 2,163 shares in the last quarter. Horizon Wealth Management LLC increased its stake in International Business Machines by 9.4% in the fourth quarter. Horizon Wealth Management LLC now owns 2,526 shares of the technology company’s stock valued at $555,000 after acquiring an additional 217 shares during the last quarter. Finally, Elevated Capital Advisors LLC raised its position in International Business Machines by 14.0% during the fourth quarter. Elevated Capital Advisors LLC now owns 5,845 shares of the technology company’s stock valued at $1,285,000 after purchasing an additional 720 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE IBM traded down $2.36 on Monday, hitting $217.39. 3,710,151 shares of the stock traded hands, compared to its average volume of 3,214,172. The firm has a market capitalization of $201.01 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 5.18 and a beta of 0.74. The business’s fifty day moving average is $221.92 and its two-hundred day moving average is $209.52. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35.

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

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Analysts Set New Price Targets

Several research firms recently weighed in on IBM. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Bernstein Bank boosted their price target on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. BMO Capital Markets upped their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group raised their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $214.88.

Insider Buying and Selling

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.07% of the stock is owned by corporate insiders.

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.