Nisa Investment Advisors LLC Purchases 25,379 Shares of International Business Machines Co. (NYSE:IBM)

Nisa Investment Advisors LLC boosted its position in International Business Machines Co. (NYSE:IBM) by 13.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 218,699 shares of the technology company’s stock after acquiring an additional 25,379 shares during the period. Nisa Investment Advisors LLC’s holdings in International Business Machines were worth $48,077,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Traphagen Investment Advisors LLC raised its position in International Business Machines by 31.5% during the 4th quarter. Traphagen Investment Advisors LLC now owns 4,178 shares of the technology company’s stock valued at $919,000 after purchasing an additional 1,002 shares during the last quarter. Simon Quick Advisors LLC increased its stake in shares of International Business Machines by 8.2% during the fourth quarter. Simon Quick Advisors LLC now owns 7,771 shares of the technology company’s stock valued at $1,708,000 after buying an additional 589 shares during the period. Red Spruce Capital LLC raised its holdings in shares of International Business Machines by 2.8% during the fourth quarter. Red Spruce Capital LLC now owns 8,051 shares of the technology company’s stock valued at $1,770,000 after acquiring an additional 216 shares in the last quarter. Beaumont Financial Advisors LLC lifted its stake in International Business Machines by 3.1% in the fourth quarter. Beaumont Financial Advisors LLC now owns 9,224 shares of the technology company’s stock worth $2,028,000 after acquiring an additional 274 shares during the period. Finally, Proquility Private Wealth Partners LLC boosted its holdings in International Business Machines by 4.3% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 14,546 shares of the technology company’s stock valued at $3,198,000 after acquiring an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Activity

In other International Business Machines 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 sale, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.

International Business Machines Trading Down 0.2 %

NYSE:IBM opened at $224.30 on Wednesday. The company has a market cap of $207.40 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 4.81 and a beta of 0.74. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35. 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 $223.09 and a two-hundred day simple moving average of $211.48.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 earnings per share. Research analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IBM. Bernstein Bank upped 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 report on Thursday, October 3rd. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Jefferies Financial Group lifted their price objective on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Sanford C. Bernstein increased their target price on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus lifted their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $216.87.

International Business Machines Company 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.