Diamant Asset Management Inc. Increases Stake in International Business Machines Co. (NYSE:IBM)

Diamant Asset Management Inc. lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 11.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,610 shares of the technology company’s stock after buying an additional 160 shares during the quarter. Diamant Asset Management Inc.’s holdings in International Business Machines were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of IBM. Lantz Financial LLC grew its holdings in shares of International Business Machines by 0.9% during the second quarter. Lantz Financial LLC now owns 11,935 shares of the technology company’s stock valued at $2,064,000 after buying an additional 107 shares during the last quarter. Westside Investment Management Inc. raised its position in International Business Machines by 11.0% in the second quarter. Westside Investment Management Inc. now owns 819 shares of the technology company’s stock worth $147,000 after acquiring an additional 81 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in International Business Machines by 4.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 12,542 shares of the technology company’s stock worth $2,330,000 after acquiring an additional 488 shares during the period. Fiduciary Financial Group LLC bought a new position in International Business Machines in the second quarter worth approximately $367,000. Finally, Silver Lake Advisory LLC raised its position in International Business Machines by 63.7% in the second quarter. Silver Lake Advisory LLC now owns 2,574 shares of the technology company’s stock worth $445,000 after acquiring an additional 1,002 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.7 %

NYSE:IBM opened at $230.11 on Thursday. International Business Machines Co. has a one year low of $157.88 and a one year high of $239.35. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a market cap of $212.77 billion, a P/E ratio of 33.49, a P/E/G ratio of 5.16 and a beta of 0.73. The firm has a 50-day simple moving average of $222.17 and a 200-day simple moving average of $200.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The firm 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%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 EPS. Equities analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on IBM. Stifel Nicolaus increased their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Bank of America raised their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Bernstein Bank lifted their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets lifted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $208.12.

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.