Certior Financial Group LLC Takes $570,000 Position in International Business Machines Co. (NYSE:IBM)

Certior Financial Group LLC bought a new position in International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,594 shares of the technology company’s stock, valued at approximately $570,000.

Other hedge funds have also bought and sold shares of the company. Polymer Capital Management US LLC bought a new stake in shares of International Business Machines during the fourth quarter worth about $315,000. Cerity Partners LLC increased its holdings in International Business Machines by 2.3% during the 4th quarter. Cerity Partners LLC now owns 306,706 shares of the technology company’s stock worth $67,473,000 after purchasing an additional 7,015 shares in the last quarter. Sierra Summit Advisors LLC raised its stake in shares of International Business Machines by 29.9% in the fourth quarter. Sierra Summit Advisors LLC now owns 14,454 shares of the technology company’s stock worth $3,177,000 after purchasing an additional 3,324 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of International Business Machines by 10.4% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,082 shares of the technology company’s stock valued at $238,000 after purchasing an additional 102 shares in the last quarter. Finally, Trek Financial LLC boosted its position in shares of International Business Machines by 5.6% during the fourth quarter. Trek Financial LLC now owns 5,117 shares of the technology company’s stock valued at $1,125,000 after buying an additional 271 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price for the company. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Sanford C. Bernstein increased their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, UBS Group boosted their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus target price of $231.13.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $227.31 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a market cap of $210.78 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The company has a 50-day moving average price of $251.46 and a 200-day moving average price of $232.66.

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

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

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.