Newbridge Financial Services Group Inc. Boosts Holdings in International Business Machines Corporation $IBM

Newbridge Financial Services Group Inc. lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,122 shares of the technology company’s stock after buying an additional 3,029 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in International Business Machines were worth $3,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. acquired a new stake in shares of International Business Machines during the third quarter worth approximately $28,000. SWAN Capital LLC acquired a new stake in shares of International Business Machines during the third quarter worth approximately $28,000. Trifecta Capital Advisors LLC grew its position in shares of International Business Machines by 129.1% during the third quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock worth $36,000 after buying an additional 71 shares in the last quarter. American Wealth Advisors LLC acquired a new stake in shares of International Business Machines during the third quarter worth approximately $40,000. Finally, Davis Capital Management acquired a new stake in shares of International Business Machines during the third quarter worth approximately $54,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other news, Director Michael Miebach purchased 434 shares of International Business Machines stock in a transaction dated Wednesday, February 25th. The stock was bought at an average price of $233.33 per share, with a total value of $101,265.22. Following the completion of the acquisition, the director owned 434 shares in the company, valued at $101,265.22. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David N. Farr purchased 1,000 shares of International Business Machines stock in a transaction dated Friday, January 30th. The shares were purchased at an average cost of $304.00 per share, with a total value of $304,000.00. Following the acquisition, the director owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This trade represents a 12.11% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 1,484 shares of company stock valued at $417,157. Corporate insiders own 0.27% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $246.25 on Tuesday. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90. The company has a market cap of $230.99 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 2.47 and a beta of 0.69. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96. The firm has a fifty day moving average of $259.22 and a 200-day moving average of $284.08.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company had revenue of $19.69 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same quarter in the previous year, the company posted $3.92 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were issued a dividend of $1.68 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. International Business Machines’s payout ratio is 60.27%.

Analysts Set New Price Targets

IBM has been the subject of a number of recent analyst reports. Wedbush reissued an “outperform” rating and set a $340.00 price target on shares of International Business Machines in a research report on Tuesday, February 24th. Argus set a $360.00 price target on shares of International Business Machines in a research report on Friday, January 30th. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Royal Bank Of Canada set a $361.00 price target on shares of International Business Machines in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $314.60.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.