James J. Burns & Company LLC Purchases New Shares in International Business Machines Co. (NYSE:IBM)

James J. Burns & Company LLC bought a new stake in International Business Machines Co. (NYSE:IBM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,014 shares of the technology company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newton One Investments LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $76,000. Brown Lisle Cummings Inc. boosted its stake in shares of International Business Machines by 5.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 2,989 shares of the technology company’s stock valued at $657,000 after purchasing an additional 143 shares in the last quarter. Pennsylvania Capital Management Inc. ADV bought a new position in shares of International Business Machines in the 4th quarter worth approximately $204,000. Longboard Asset Management LP purchased a new stake in shares of International Business Machines in the 4th quarter worth about $230,000. Finally, Commonwealth Financial Services LLC increased its stake in shares of International Business Machines by 11.1% during the fourth quarter. Commonwealth Financial Services LLC now owns 2,016 shares of the technology company’s stock valued at $443,000 after purchasing an additional 202 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

International Business Machines Trading Up 2.0 %

Shares of NYSE:IBM opened at $260.84 on Tuesday. The company has a market capitalization of $241.19 billion, a PE ratio of 40.69, a PEG ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $262.06. The business has a 50 day moving average of $226.61 and a two-hundred day moving average of $214.76. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last released its quarterly 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 net margin of 9.60% and a return on equity of 38.99%. As a group, analysts forecast that International Business Machines Co. will post 10.73 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.56%. International Business Machines’s dividend payout ratio is currently 104.21%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Jefferies Financial Group upped their price target on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Bank of America raised their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, UBS Group boosted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $225.53.

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.