International Business Machines Corporation $IBM Shares Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. increased its stake in International Business Machines Corporation (NYSE:IBM) by 30.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,122 shares of the technology company’s stock after acquiring an additional 3,029 shares during the period. Newbridge Financial Services Group Inc.’s holdings in International Business Machines were worth $3,887,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new stake in shares of International Business Machines in the third quarter worth approximately $28,000. SWAN Capital LLC acquired a new stake in shares of International Business Machines in the third quarter worth approximately $28,000. Trifecta Capital Advisors LLC boosted its position in shares of International Business Machines by 129.1% in the third quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock worth $36,000 after acquiring an additional 71 shares during the last quarter. American Wealth Advisors LLC purchased a new position in International Business Machines in the third quarter valued at approximately $40,000. Finally, Davis Capital Management purchased a new position in International Business Machines in the third quarter valued at approximately $54,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on IBM shares. Jefferies Financial Group restated a “buy” rating on shares of International Business Machines in a report on Monday, February 23rd. Argus set a $360.00 price target on shares of International Business Machines in a report on Friday, January 30th. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a report on Wednesday, December 10th. Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Finally, Wedbush restated an “outperform” rating and issued a $340.00 price target on shares of International Business Machines in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $314.60.

Insider Buying and Selling

In other news, Director David N. Farr acquired 1,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were bought at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the purchase, the director directly owned 9,258 shares of the company’s stock, valued at approximately $2,814,432. This trade represents a 12.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Miebach acquired 434 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the purchase, the director directly owned 434 shares of the company’s stock, valued at approximately $101,265.22. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 1,484 shares of company stock worth $417,157 in the last quarter. Insiders own 0.27% of the company’s stock.

International Business Machines Trading Down 0.8%

NYSE IBM opened at $246.25 on Tuesday. The firm has a market capitalization of $230.99 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.47 and a beta of 0.69. The company’s 50 day moving average price is $259.22 and its 200 day moving average price is $284.08. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.33 by $0.19. The company had revenue of $19.69 billion for the quarter, compared to analyst estimates of $19.23 billion. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.92 earnings per share. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were paid a dividend of $1.68 per share. The ex-dividend date was Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is currently 60.27%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.