PFG Investments LLC Purchases 493 Shares of International Business Machines Co. (NYSE:IBM)

PFG Investments LLC boosted its position in International Business Machines Co. (NYSE:IBM) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,442 shares of the technology company’s stock after acquiring an additional 493 shares during the quarter. International Business Machines accounts for 0.6% of PFG Investments LLC’s holdings, making the stock its 22nd largest holding. PFG Investments LLC’s holdings in International Business Machines were worth $9,792,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its stake in shares of International Business Machines by 40.9% during the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after buying an additional 166 shares during the last quarter. Brady Martz Wealth Solutions LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $1,940,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of International Business Machines during the second quarter worth $7,160,000. Philip James Wealth Mangement LLC acquired a new position in shares of International Business Machines during the third quarter worth $5,117,000. Finally, Nordea Investment Management AB lifted its holdings in shares of International Business Machines by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after purchasing an additional 4,625 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 0.6 %

NYSE:IBM opened at $224.69 on Monday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a 50-day moving average of $224.33 and a 200-day moving average of $212.57. The company has a market cap of $207.75 billion, a PE ratio of 32.71, a PEG ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Analyst Ratings Changes

A number of equities analysts have recently commented on IBM shares. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a report on Wednesday, October 2nd. UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. BMO Capital Markets boosted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group boosted their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $220.73.

Insiders Place Their Bets

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