3,536 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Vista Investment Partners II LLC

Vista Investment Partners II LLC bought a new stake in International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,536 shares of the technology company’s stock, valued at approximately $777,000.

Other hedge funds have also recently bought and sold shares of the company. Pettinga Financial Advisors LLC bought a new stake in shares of International Business Machines in the 3rd quarter valued at about $221,000. Capital Performance Advisors LLP acquired a new stake in International Business Machines during the 3rd quarter valued at $43,000. Fiera Capital Corp increased its holdings in shares of International Business Machines by 3.6% in the third quarter. Fiera Capital Corp now owns 4,107 shares of the technology company’s stock valued at $908,000 after purchasing an additional 142 shares during the last quarter. United Bank lifted its stake in shares of International Business Machines by 53.3% during the 3rd quarter. United Bank now owns 5,628 shares of the technology company’s stock worth $1,244,000 after buying an additional 1,956 shares during the last quarter. Finally, Rovin Capital UT ADV acquired a new position in International Business Machines in the 3rd quarter valued at about $237,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 5.2 %

NYSE:IBM opened at $261.67 on Monday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. The firm’s fifty day moving average is $241.29 and its 200-day moving average is $226.62. The firm has a market cap of $242.63 billion, a P/E ratio of 40.82, a P/E/G ratio of 5.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM) last released its earnings results 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%. Equities analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm 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. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. International Business Machines’s dividend payout ratio is presently 104.21%.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on IBM shares. BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Bank of America boosted their price objective 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. Wedbush assumed coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group upped their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average target price of $231.44.

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.