GAMMA Investing LLC Acquires New Holdings in International Business Machines Co. (NYSE:IBM)

GAMMA Investing LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,783 shares of the technology company’s stock, valued at approximately $946,000.

Other institutional investors have also recently bought and sold shares of the company. Naples Money Management LLC acquired a new position in International Business Machines during the fourth quarter valued at approximately $28,000. Briaud Financial Planning Inc acquired a new position in International Business Machines during the third quarter valued at approximately $31,000. Stone House Investment Management LLC grew its holdings in International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares during the period. Financial Gravity Asset Management Inc. boosted its holdings in shares of International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 91 shares during the period. Finally, Cordant Inc. boosted its holdings in shares of International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after buying an additional 226 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IBM. Jefferies Financial Group reduced their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday. BMO Capital Markets upped their price target on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Societe Generale reiterated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Sanford C. Bernstein upped their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $177.23.

International Business Machines Stock Performance

Shares of IBM stock traded up $0.29 on Tuesday, hitting $182.19. The company’s stock had a trading volume of 5,921,450 shares, compared to its average volume of 4,773,702. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The stock’s 50 day moving average is $188.38 and its 200-day moving average is $169.59. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The company has a market capitalization of $167.02 billion, a PE ratio of 22.64, a PEG ratio of 3.57 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.60 earnings per share. Equities research analysts expect that International Business Machines Co. will post 10.04 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.64%. International Business Machines’s payout ratio is 81.67%.

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.