Longboard Asset Management LP Acquires New Holdings in International Business Machines Co. (NYSE:IBM)

Longboard Asset Management LP 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 1,044 shares of the technology company’s stock, valued at approximately $230,000.

Other large investors also recently modified their holdings of the company. Czech National Bank raised its position in International Business Machines by 7.2% in the third quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock valued at $41,485,000 after purchasing an additional 12,599 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of International Business Machines by 44.6% in the third quarter. GAMMA Investing LLC now owns 13,551 shares of the technology company’s stock valued at $2,996,000 after buying an additional 4,181 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in International Business Machines by 3.4% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 11,827 shares of the technology company’s stock valued at $2,615,000 after buying an additional 384 shares during the last quarter. Everpar Advisors LLC boosted its position in International Business Machines by 19.6% during the 3rd quarter. Everpar Advisors LLC now owns 1,452 shares of the technology company’s stock worth $321,000 after buying an additional 238 shares during the period. Finally, Consilio Wealth Advisors LLC bought a new position in shares of International Business Machines during the third quarter valued at $218,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 2.0 %

NYSE IBM opened at $260.84 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The business has a 50 day moving average price of $226.61 and a 200-day moving average price of $214.76. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $262.06. The company has a market cap of $241.19 billion, a price-to-earnings ratio of 40.69, a P/E/G ratio of 5.63 and a beta of 0.76.

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, equities analysts expect that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IBM has been the topic of several analyst reports. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Jefferies Financial Group upped their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Sanford C. Bernstein upped their price target on shares of 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. Finally, UBS Group lifted their price objective 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 research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $225.53.

About International Business Machines

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.