FNY Investment Advisers LLC Takes $879,000 Position in International Business Machines Co. (NYSE:IBM)

FNY Investment Advisers LLC purchased a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,002 shares of the technology company's stock, valued at approximately $879,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its position in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC purchased a new stake in International Business Machines in the third quarter valued at approximately $29,000. Avondale Wealth Management boosted its holdings in shares of 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 acquiring an additional 56 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines in the 2nd quarter valued at $36,000. Finally, Modus Advisors LLC purchased a new stake in International Business Machines in the 4th quarter valued at $40,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

IBM traded up $0.14 on Tuesday, hitting $217.54. 3,485,479 shares of the company were exchanged, compared to its average volume of 3,249,006. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a market capitalization of $201.15 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74. The business's fifty day moving average is $222.34 and its 200 day moving average is $210.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.20 EPS. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is presently 97.23%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Stifel Nicolaus upped their price objective on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Bernstein Bank boosted their target price on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, October 3rd. Finally, Bank of America increased their price target on International Business Machines from $209.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $215.81.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company's stock.

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.