International Business Machines Co. (NYSE:IBM) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp lifted its position in International Business Machines Co. (NYSE:IBM) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,103 shares of the technology company’s stock after acquiring an additional 1,972 shares during the period. Sigma Planning Corp’s holdings in International Business Machines were worth $7,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Callan Capital LLC boosted its stake in shares of International Business Machines by 2.4% in the fourth quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock worth $411,000 after acquiring an additional 44 shares during the last quarter. Redmond Asset Management LLC boosted its stake in shares of International Business Machines by 2.1% in the fourth quarter. Redmond Asset Management LLC now owns 10,933 shares of the technology company’s stock worth $2,404,000 after acquiring an additional 229 shares during the last quarter. Oxbow Advisors LLC lifted its position in International Business Machines by 1.2% during the fourth quarter. Oxbow Advisors LLC now owns 5,053 shares of the technology company’s stock worth $1,111,000 after buying an additional 62 shares in the last quarter. Navellier & Associates Inc. lifted its position in International Business Machines by 34.0% during the fourth quarter. Navellier & Associates Inc. now owns 5,507 shares of the technology company’s stock worth $1,211,000 after buying an additional 1,397 shares in the last quarter. Finally, Prentice Wealth Management LLC lifted its position in International Business Machines by 1.1% during the fourth quarter. Prentice Wealth Management LLC now owns 5,046 shares of the technology company’s stock worth $1,109,000 after buying an additional 53 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM stock opened at $261.77 on Friday. The company has a market cap of $242.05 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. 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 stock has a 50 day simple moving average of $235.27 and a 200-day simple moving average of $221.81. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBM) last released its quarterly 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 return on equity of 38.99% and a net margin of 9.60%. On average, equities analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley lifted their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Sanford C. Bernstein lifted their target price on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Wedbush started coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. boosted 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines currently 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.