Persium Advisors LLC Purchases Shares of 3,088 International Business Machines Co. (NYSE:IBM)

Persium Advisors LLC purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,088 shares of the technology company’s stock, valued at approximately $679,000. International Business Machines comprises 0.7% of Persium Advisors LLC’s investment portfolio, making the stock its 18th biggest holding.

Several other large investors have also added to or reduced their stakes in IBM. Qsemble Capital Management LP purchased a new stake in shares of International Business Machines in the second quarter worth about $279,000. Federated Hermes Inc. boosted its stake in shares of International Business Machines by 39.9% in the second quarter. Federated Hermes Inc. now owns 183,544 shares of the technology company’s stock worth $31,744,000 after buying an additional 52,385 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of International Business Machines by 6.3% in the second quarter. Parallel Advisors LLC now owns 28,620 shares of the technology company’s stock worth $4,950,000 after buying an additional 1,694 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of International Business Machines by 98.2% in the second quarter. Thoroughbred Financial Services LLC now owns 8,880 shares of the technology company’s stock worth $1,535,000 after buying an additional 4,400 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of International Business Machines by 5.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,309,420 shares of the technology company’s stock worth $226,464,000 after buying an additional 68,198 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group upped their target price on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. BMO Capital Markets upped their price target on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Jefferies Financial Group upped their price target on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley upped their price target on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $214.88.

International Business Machines Trading Down 1.0 %

Shares of IBM traded down $2.29 during midday trading on Monday, hitting $217.46. 1,926,747 shares of the stock were exchanged, compared to its average volume of 2,934,160. The firm has a market cap of $201.07 billion, a P/E ratio of 31.65, a P/E/G ratio of 5.18 and a beta of 0.74. 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 52-week low of $162.62 and a 52-week high of $239.35. The stock has a fifty day simple moving average of $221.92 and a 200 day simple moving average of $209.52.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating 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 company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period last year, the firm earned $2.20 earnings per share. International Business Machines’s quarterly revenue was up 1.5% on a year-over-year basis. On average, research analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

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 $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

International Business Machines Profile

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.