Generali Investments CEE investicni spolecnost a.s. Invests $7.22 Million in International Business Machines Co. (NYSE:IBM)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,820 shares of the technology company's stock, valued at approximately $7,215,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new position in International Business Machines in the fourth quarter valued at about $26,000. Hara Capital LLC purchased a new position in International Business Machines in the third quarter valued at about $29,000. Vision Financial Markets LLC purchased a new position in International Business Machines in the fourth quarter valued at about $31,000. Avondale Wealth Management boosted its holdings in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC boosted its holdings in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

IBM traded up $12.98 during trading hours on Friday, hitting $261.67. The company's stock had a trading volume of 6,699,074 shares, compared to its average volume of 3,901,556. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $242.63 billion, a PE ratio of 40.82, a PEG ratio of 5.81 and a beta of 0.74. The company has a 50-day simple moving average of $241.29 and a 200 day simple moving average of $226.41.

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International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, sell-side analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IBM shares. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a report on Friday. Wedbush assumed coverage on International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating on the stock. Jefferies Financial Group upped their price objective on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their price objective on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $231.44.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by insiders.

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.