RoundAngle Advisors LLC Invests $1.85 Million in International Business Machines Co. (NYSE:IBM)

RoundAngle Advisors LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,404 shares of the technology company's stock, valued at approximately $1,847,000. International Business Machines comprises approximately 1.8% of RoundAngle Advisors LLC's investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds have also bought and sold shares of the company. Hazlett Burt & Watson Inc. grew 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 worth $29,000 after acquiring an additional 116 shares in the last quarter. Hara Capital LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at about $29,000. Avondale Wealth Management boosted its stake 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 acquiring an additional 56 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Business Machines in the 2nd quarter worth approximately $36,000. Finally, Modus Advisors LLC acquired a new position in International Business Machines during the 4th quarter valued at approximately $40,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of International Business Machines stock traded up $2.07 during midday trading on Monday, hitting $224.73. The company had a trading volume of 5,481,686 shares, compared to its average volume of 2,994,162. The business's 50 day simple moving average is $222.87 and its two-hundred day simple moving average is $211.14. The stock has a market cap of $207.80 billion, a PE ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The business 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%. International Business Machines's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $2.20 earnings per share. As a group, equities analysts predict that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.97%. International Business Machines's dividend payout ratio (DPR) is 97.23%.

Insider Activity

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 completion of the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Sanford C. Bernstein upped their price objective on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. BMO Capital Markets boosted their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research report on Thursday, October 24th. DZ Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Finally, UBS Group boosted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and a consensus price target of $216.87.

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.