GEN Financial Management INC. Invests $249,000 in International Business Machines Co. (NYSE:IBM)

GEN Financial Management INC. bought a new position in International Business Machines Co. (NYSE:IBMFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,131 shares of the technology company’s stock, valued at approximately $249,000.

A number of other institutional investors have also bought and sold shares of the business. Baltimore Washington Financial Advisors Inc. bought a new position in shares of International Business Machines in the fourth quarter worth about $259,000. Optas LLC raised its position in shares of International Business Machines by 2.0% during the fourth quarter. Optas LLC now owns 2,596 shares of the technology company’s stock valued at $571,000 after buying an additional 50 shares during the last quarter. Holistic Planning LLC boosted its position in shares of International Business Machines by 4.7% during the fourth quarter. Holistic Planning LLC now owns 2,178 shares of the technology company’s stock worth $479,000 after acquiring an additional 98 shares during the last quarter. Financial Life Planners purchased a new position in International Business Machines during the fourth quarter valued at $73,000. Finally, Leisure Capital Management lifted its stake in International Business Machines by 10.3% in the 4th quarter. Leisure Capital Management now owns 5,078 shares of the technology company’s stock worth $1,116,000 after purchasing an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on IBM. Jefferies Financial Group boosted their target price on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Wedbush started coverage on shares of International Business Machines in a research note on Monday. They set an “outperform” rating on the stock. Morgan Stanley boosted their target price on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Stifel Nicolaus lifted their price target on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, UBS Group raised their price objective on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $225.53.

Read Our Latest Analysis on IBM

International Business Machines Stock Up 2.0 %

Shares of IBM opened at $260.84 on Tuesday. The firm has a market capitalization of $241.18 billion, a P/E ratio of 40.69, a P/E/G ratio of 5.63 and a beta of 0.74. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $262.06. The firm has a fifty day moving average price of $226.61 and a 200-day moving average price of $214.76. 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:IBMGet Free Report) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities research analysts expect that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.56%. International Business Machines’s dividend payout ratio is currently 104.21%.

Insider Activity at International Business Machines

In related 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 value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by corporate insiders.

International Business Machines Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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