Tudor Financial Inc. Buys Shares of 1,574 International Business Machines Co. (NYSE:IBM)

Tudor Financial Inc. purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,574 shares of the technology company’s stock, valued at approximately $346,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. boosted its position in International Business Machines by 18.6% during the 2nd quarter. Sei Investments Co. now owns 250,229 shares of the technology company’s stock worth $43,276,000 after buying an additional 39,212 shares during the period. Fairscale Capital LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth approximately $72,000. EverSource Wealth Advisors LLC lifted its position in shares of International Business Machines by 6.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,555 shares of the technology company’s stock worth $491,000 after purchasing an additional 150 shares during the period. DRW Securities LLC acquired a new position in shares of International Business Machines in the 2nd quarter worth approximately $1,334,000. Finally, Harmony Asset Management LLC lifted its position in shares of International Business Machines by 57.4% in the 2nd quarter. Harmony Asset Management LLC now owns 3,684 shares of the technology company’s stock worth $637,000 after purchasing an additional 1,343 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

NYSE:IBM opened at $224.73 on Tuesday. The business’s 50-day moving average price is $222.87 and its two-hundred day moving average price is $211.14. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The stock has a market cap of $207.80 billion, a P/E ratio of 32.71, a PEG ratio of 4.81 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter last year, the firm posted $2.20 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts predict that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. International Business Machines’s payout ratio is currently 97.23%.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Bank of America boosted their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. Bernstein Bank upped their price objective on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Finally, Sanford C. Bernstein upped their price objective on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $216.87.

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.