2,379 Shares in International Business Machines Co. (NYSE:IBM) Acquired by Moore Capital Management LP

Moore Capital Management LP purchased a new position in shares of International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,379 shares of the technology company’s stock, valued at approximately $523,000.

A number of other large investors have also bought and sold shares of the business. JBR Co Financial Management Inc grew its position in International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock worth $1,405,000 after acquiring an additional 40 shares during the last quarter. Wealth Dimensions Group Ltd. grew its position in International Business Machines by 1.0% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company’s stock worth $873,000 after acquiring an additional 40 shares during the last quarter. Schechter Investment Advisors LLC grew its position in International Business Machines by 0.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock worth $1,396,000 after acquiring an additional 43 shares during the last quarter. Titleist Asset Management LLC grew its position in International Business Machines by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock worth $315,000 after acquiring an additional 43 shares during the last quarter. Finally, Callan Capital LLC lifted its holdings in International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock worth $411,000 after buying an additional 44 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on IBM shares. Bank of America upped their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Citigroup reaffirmed an “outperform” rating on shares of International Business Machines in a report on Saturday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.50.

International Business Machines Price Performance

IBM stock opened at $258.55 on Wednesday. The stock has a 50-day moving average price of $243.26 and a two-hundred day moving average price of $235.35. The stock has a market cap of $240.30 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1 year low of $163.53 and a 1 year high of $266.45.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. Equities analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.60%. International Business Machines’s dividend payout ratio (DPR) is presently 115.66%.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

International Business Machines Company 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.