International Business Machines Co. (NYSE:IBM) Shares Acquired by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 24.4% during the 4th quarter, Holdings Channel reports. The firm owned 780 shares of the technology company’s stock after buying an additional 153 shares during the period. Princeton Global Asset Management LLC’s holdings in International Business Machines were worth $171,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Czech National Bank grew its stake in International Business Machines by 7.2% in the 3rd quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock worth $41,485,000 after acquiring an additional 12,599 shares during the period. GAMMA Investing LLC grew its stake in International Business Machines by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 13,551 shares of the technology company’s stock worth $2,996,000 after acquiring an additional 4,181 shares during the period. Azzad Asset Management Inc. ADV grew its stake 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 worth $2,615,000 after acquiring an additional 384 shares during the period. Everpar Advisors LLC grew its stake in International Business Machines by 19.6% in the 3rd quarter. Everpar Advisors LLC now owns 1,452 shares of the technology company’s stock worth $321,000 after acquiring an additional 238 shares during the period. Finally, Consilio Wealth Advisors LLC purchased a new stake in International Business Machines in the 3rd quarter worth approximately $218,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $260.84 on Tuesday. The firm has a market cap of $241.18 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 5.63 and a beta of 0.74. The firm’s 50-day simple moving average is $226.61 and its 200-day simple moving average is $214.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $262.06.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Morgan Stanley boosted their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.