Pennsylvania Capital Management Inc. ADV Purchases Shares of 926 International Business Machines Co. (NYSE:IBM)

Pennsylvania Capital Management Inc. ADV acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 926 shares of the technology company’s stock, valued at approximately $204,000.

A number of other hedge funds also recently bought and sold shares of the company. Longboard Asset Management LP bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $230,000. Commonwealth Financial Services LLC lifted its stake in International Business Machines by 11.1% in the fourth quarter. Commonwealth Financial Services LLC now owns 2,016 shares of the technology company’s stock worth $443,000 after purchasing an additional 202 shares during the last quarter. Calamos Wealth Management LLC grew its stake in shares of International Business Machines by 4.4% during the fourth quarter. Calamos Wealth Management LLC now owns 1,999 shares of the technology company’s stock valued at $439,000 after buying an additional 84 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in shares of International Business Machines by 1.9% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 15,427 shares of the technology company’s stock worth $3,391,000 after buying an additional 281 shares during the period. Finally, GEN Financial Management INC. bought a new stake in shares of International Business Machines in the 4th quarter valued at about $249,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $260.84 on Tuesday. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $262.06. The business’s fifty day simple moving average is $226.61 and its two-hundred day simple moving average is $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. The company has a market cap of $241.19 billion, a price-to-earnings ratio of 40.69, a P/E/G ratio of 5.63 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS 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%. Research analysts anticipate that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America lifted their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley boosted their price objective on shares of 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. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, UBS Group lifted 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $225.53.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.