Rossby Financial LCC Makes New Investment in International Business Machines Co. (NYSE:IBM)

Rossby Financial LCC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,119 shares of the technology company's stock, valued at approximately $246,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JBR Co Financial Management Inc increased its holdings in International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after purchasing an additional 40 shares in the last quarter. Schechter Investment Advisors LLC boosted its position in shares of International Business Machines by 0.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after buying an additional 43 shares during the last quarter. Titleist Asset Management LLC raised its position in International Business Machines by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after buying an additional 43 shares during the last quarter. Callan Capital LLC boosted its holdings in International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after acquiring an additional 44 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its stake in shares of International Business Machines by 0.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock worth $2,292,000 after acquiring an additional 45 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 1.6 %

NYSE IBM opened at $239.15 on Tuesday. The stock has a 50 day moving average price of $248.67 and a 200-day moving average price of $233.14. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market capitalization of $221.76 billion, a P/E ratio of 37.31, a P/E/G ratio of 5.81 and a beta of 0.67.

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International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping 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, equities analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's payout ratio is 104.21%.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on IBM. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Royal Bank of Canada restated an "outperform" rating and issued a $276.00 target price on shares of International Business Machines in a research note on Monday. Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating for the company. UBS Group boosted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley raised their target price on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $232.75.

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.

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