Round Rock Advisors LLC Increases Holdings in International Business Machines Co. (NYSE:IBM)

Round Rock Advisors LLC grew its holdings in International Business Machines Co. (NYSE:IBM) by 5.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,333 shares of the technology company’s stock after acquiring an additional 711 shares during the period. International Business Machines accounts for approximately 0.6% of Round Rock Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Round Rock Advisors LLC’s holdings in International Business Machines were worth $3,151,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Czech National Bank lifted its position in shares of International Business Machines by 7.2% in the 3rd quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock worth $41,485,000 after purchasing an additional 12,599 shares during the period. Apella Capital LLC raised its stake in International Business Machines by 16.1% in the third quarter. Apella Capital LLC now owns 4,799 shares of the technology company’s stock worth $1,054,000 after buying an additional 667 shares in the last quarter. Triton Wealth Management PLLC bought a new position in International Business Machines in the third quarter worth about $228,000. Lwmg LLC bought a new stake in International Business Machines during the 3rd quarter valued at approximately $205,000. Finally, Great Waters Wealth Management bought a new stake in International Business Machines during the 3rd quarter valued at approximately $217,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 1.1 %

NYSE:IBM opened at $255.48 on Friday. The company has a market cap of $236.23 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The company has a 50 day simple moving average of $226.61 and a two-hundred day simple moving average of $214.56. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $261.80.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 40.37% and a net margin of 9.60%. Research analysts forecast that International Business Machines Co. will post 10.54 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.61%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group upped their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. Morgan Stanley upped their target price on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday. Bank of America lifted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $225.53.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. 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 insiders.

About International Business Machines

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.