Persium Advisors LLC Makes New $679,000 Investment in International Business Machines Co. (NYSE:IBM)

Persium Advisors LLC bought a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,088 shares of the technology company's stock, valued at approximately $679,000. International Business Machines accounts for 0.7% of Persium Advisors LLC's holdings, making the stock its 18th largest holding.

A number of other hedge funds have also recently modified their holdings of the business. Ellenbecker Investment Group lifted its position in shares of International Business Machines by 2.3% during the third quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company's stock worth $453,000 after purchasing an additional 46 shares during the last quarter. Goldstein Advisors LLC boosted its position in International Business Machines by 4.0% in the 3rd quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company's stock valued at $269,000 after buying an additional 47 shares during the period. Vertex Planning Partners LLC boosted its position in International Business Machines by 3.6% in the 3rd quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company's stock valued at $298,000 after buying an additional 47 shares during the period. Forza Wealth Management LLC grew its stake in International Business Machines by 0.4% in the 4th quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company's stock worth $2,891,000 after acquiring an additional 47 shares in the last quarter. Finally, Sollinda Capital Management LLC increased its position in shares of International Business Machines by 3.7% during the third quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company's stock worth $301,000 after acquiring an additional 49 shares during the period. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on IBM. Morgan Stanley increased their price objective on International Business Machines from $208.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, December 16th. DZ Bank lowered International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price target on the stock. in a research note on Wednesday, October 2nd. BMO Capital Markets upped their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research note on Thursday, October 24th. Jefferies Financial Group raised their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus upped their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $214.88.

International Business Machines Stock Down 1.1 %

NYSE:IBM traded down $2.36 during mid-day trading on Monday, hitting $217.39. 3,710,249 shares of the company's stock traded hands, compared to its average volume of 3,214,279. The company has a fifty day moving average of $222.14 and a 200 day moving average of $209.84. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. The company has a market capitalization of $201.01 billion, a P/E ratio of 31.64, a P/E/G ratio of 5.18 and a beta of 0.74.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a $1.67 dividend. 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 payout ratio is 97.23%.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently 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.