3,207 Shares in International Business Machines Co. (NYSE:IBM) Acquired by Generali Investments Management Co LLC

Generali Investments Management Co LLC purchased a new position in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,207 shares of the technology company’s stock, valued at approximately $705,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GM Advisory Group LLC grew its position in International Business Machines by 2.2% during the 4th quarter. GM Advisory Group LLC now owns 5,329 shares of the technology company’s stock worth $1,172,000 after acquiring an additional 115 shares during the last quarter. Stokes Family Office LLC grew its position in International Business Machines by 6.9% during the 4th quarter. Stokes Family Office LLC now owns 4,833 shares of the technology company’s stock worth $1,062,000 after acquiring an additional 312 shares during the last quarter. Fox Hill Wealth Management grew its position in International Business Machines by 3.7% during the 4th quarter. Fox Hill Wealth Management now owns 4,401 shares of the technology company’s stock worth $967,000 after acquiring an additional 155 shares during the last quarter. Brooklyn FI LLC bought a new position in International Business Machines during the 4th quarter worth approximately $455,000. Finally, Compass Ion Advisors LLC grew its position in shares of International Business Machines by 3.7% in the 4th quarter. Compass Ion Advisors LLC now owns 10,648 shares of the technology company’s stock worth $2,341,000 after buying an additional 375 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the business’s 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 transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is owned by company insiders.

International Business Machines Stock Down 2.4 %

Shares of NYSE:IBM opened at $246.80 on Wednesday. The stock has a fifty day simple moving average of $245.29 and a two-hundred day simple moving average of $229.16. The stock has a market capitalization of $228.85 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data 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 38.99% and a net margin of 9.60%. On average, research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Analyst Ratings Changes

IBM has been the topic of a number of recent analyst reports. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Sanford C. Bernstein lifted 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. Finally, UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines 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.