Susquehanna Fundamental Investments LLC Makes New $37.81 Million Investment in International Business Machines Co. (NYSE:IBM)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 172,012 shares of the technology company's stock, valued at approximately $37,813,000. International Business Machines comprises approximately 0.5% of Susquehanna Fundamental Investments LLC's portfolio, making the stock its 14th biggest position.

A number of other large investors have also recently modified their holdings of IBM. Passumpsic Savings Bank lifted its position in International Business Machines by 3.8% in the 3rd quarter. Passumpsic Savings Bank now owns 2,045 shares of the technology company's stock worth $452,000 after buying an additional 74 shares during the last quarter. Virtu Financial LLC bought a new stake in International Business Machines in the 3rd quarter worth approximately $766,000. Westside Investment Management Inc. lifted its position in International Business Machines by 12.2% in the 3rd quarter. Westside Investment Management Inc. now owns 919 shares of the technology company's stock worth $188,000 after buying an additional 100 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in International Business Machines by 4.6% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 3,140 shares of the technology company's stock worth $694,000 after buying an additional 139 shares during the last quarter. Finally, Diamant Asset Management Inc. lifted its position in International Business Machines by 11.0% in the 3rd quarter. Diamant Asset Management Inc. now owns 1,610 shares of the technology company's stock worth $356,000 after buying an additional 160 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 1.6 %

Shares of IBM traded up $3.74 during mid-day trading on Monday, hitting $236.15. 3,646,341 shares of the company's stock traded hands, compared to its average volume of 4,217,326. The firm has a market capitalization of $218.97 billion, a P/E ratio of 36.84, a PEG ratio of 5.81 and a beta of 0.67. The business's 50-day moving average price is $245.34 and its 200-day moving average price is $233.92. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion for 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 firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.83%. International Business Machines's payout ratio is 114.97%.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on 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 sale, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IBM has been the subject of a number of recent research reports. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a research report on Thursday. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Oppenheimer started coverage on International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective for the company. Finally, Sanford C. Bernstein boosted their price objective on 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $242.41.

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.