RoundAngle Advisors LLC Invests $1.85 Million in International Business Machines Co. (NYSE:IBM)

RoundAngle Advisors LLC purchased a new position in International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,404 shares of the technology company’s stock, valued at approximately $1,847,000. International Business Machines makes up about 1.8% of RoundAngle Advisors LLC’s holdings, making the stock its 23rd largest position.

Other large investors also recently bought and sold shares of the company. Cascade Investment Group Inc. raised its holdings in shares of International Business Machines by 3.2% during the 4th quarter. Cascade Investment Group Inc. now owns 6,108 shares of the technology company’s stock worth $1,343,000 after acquiring an additional 189 shares during the period. Brady Martz Wealth Solutions LLC acquired a new stake in International Business Machines during the fourth quarter worth about $1,940,000. Arbor Trust Wealth Advisors LLC raised its stake in International Business Machines by 31.2% during the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 6,081 shares of the technology company’s stock worth $1,337,000 after purchasing an additional 1,447 shares during the period. Clarius Group LLC boosted its holdings in International Business Machines by 3.5% in the 4th quarter. Clarius Group LLC now owns 5,240 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 178 shares during the last quarter. Finally, Joule Financial LLC grew its stake in shares of International Business Machines by 39.9% in the 4th quarter. Joule Financial LLC now owns 7,569 shares of the technology company’s stock valued at $1,664,000 after buying an additional 2,160 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.9 %

IBM stock opened at $224.73 on Monday. The company’s 50 day moving average price is $222.87 and its 200 day moving average price is $210.89. The firm has a market capitalization of $207.80 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.71 and a beta of 0.74. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week 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.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates 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 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 period in the prior year, the firm posted $2.20 EPS. On average, equities research analysts anticipate that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Sanford C. Bernstein raised their price objective 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. UBS Group upped their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Bernstein Bank boosted their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Finally, StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target 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.