Advance Capital Management Inc. Acquires 132 Shares of International Business Machines Co. (NYSE:IBM)

Advance Capital Management Inc. boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,620 shares of the technology company’s stock after purchasing an additional 132 shares during the period. Advance Capital Management Inc.’s holdings in International Business Machines were worth $356,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IBM. Neville Rodie & Shaw Inc. raised its stake in International Business Machines by 6.7% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 54,011 shares of the technology company’s stock worth $11,873,000 after acquiring an additional 3,402 shares during the period. Pensionfund Sabic raised its position in shares of International Business Machines by 40.0% during the 4th quarter. Pensionfund Sabic now owns 14,000 shares of the technology company’s stock valued at $3,078,000 after purchasing an additional 4,000 shares during the period. Nordea Investment Management AB boosted its holdings in International Business Machines by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after buying an additional 4,625 shares during the period. Modus Advisors LLC bought a new stake in International Business Machines during the fourth quarter valued at about $40,000. Finally, GAMMA Investing LLC lifted its position in shares of International Business Machines by 9.5% in the fourth quarter. GAMMA Investing LLC now owns 14,832 shares of the technology company’s stock valued at $3,261,000 after acquiring an additional 1,281 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein lifted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday. The Goldman Sachs Group increased their price target on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, International Business Machines currently has an average rating of “Hold” and an average price target of $214.88.

Insider Activity

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated 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 directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.

International Business Machines Trading Up 0.0 %

International Business Machines stock traded up $0.02 during mid-day trading on Monday, hitting $222.67. The company’s stock had a trading volume of 2,794,683 shares, compared to its average volume of 2,835,568. International Business Machines Co. has a one year low of $157.88 and a one year high of $239.35. The stock has a market cap of $205.89 billion, a PE ratio of 32.41, a P/E/G ratio of 5.18 and a beta of 0.74. The company has a 50 day moving average of $220.54 and a 200-day moving average of $207.78. 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 released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.20 EPS. On average, research analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio is 97.23%.

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.