Impact Capital Partners LLC Invests $271,000 in International Business Machines Co. (NYSE:IBM)

Impact Capital Partners LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,233 shares of the technology company’s stock, valued at approximately $271,000.

Several other institutional investors also recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its holdings in shares of International Business Machines by 1.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 711,867 shares of the technology company’s stock worth $156,490,000 after buying an additional 11,742 shares in the last quarter. DecisionMap Wealth Management LLC acquired a new stake in International Business Machines in the fourth quarter valued at $260,000. Lazard Freres Gestion S.A.S. increased its holdings in International Business Machines by 120.6% in the fourth quarter. Lazard Freres Gestion S.A.S. now owns 2,078 shares of the technology company’s stock valued at $456,000 after purchasing an additional 1,136 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in International Business Machines by 4.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 210,514 shares of the technology company’s stock valued at $46,366,000 after purchasing an additional 8,835 shares during the period. Finally, Mascoma Wealth Management LLC increased its holdings in International Business Machines by 11.6% in the fourth quarter. Mascoma Wealth Management LLC now owns 927 shares of the technology company’s stock valued at $204,000 after purchasing an additional 96 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 1.0 %

IBM opened at $248.15 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. The firm has a market capitalization of $230.10 billion, a PE ratio of 38.71, a P/E/G ratio of 5.81 and a beta of 0.74. The company’s 50-day moving average is $244.23 and its 200 day moving average is $228.05.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.69%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IBM shares. JPMorgan Chase & Co. increased their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Oppenheimer started coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target on the stock. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group upped their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $231.44.

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.