Seaview Investment Managers LLC Invests $7.80 Million in International Business Machines Corporation $IBM

Seaview Investment Managers LLC bought a new position in International Business Machines Corporation (NYSE:IBM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 26,335 shares of the technology company’s stock, valued at approximately $7,801,000. International Business Machines accounts for about 2.9% of Seaview Investment Managers LLC’s holdings, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Family CFO Inc purchased a new stake in shares of International Business Machines in the 4th quarter worth about $25,000. Joseph Group Capital Management purchased a new stake in shares of International Business Machines in the 4th quarter worth about $28,000. SWAN Capital LLC purchased a new stake in shares of International Business Machines in the 3rd quarter worth about $28,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of International Business Machines in the 4th quarter worth about $31,000. Finally, DecisionPoint Financial LLC grew its position in shares of International Business Machines by 1,666.7% in the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM is being linked to a major U.S. government quantum-computing funding push, which has lifted sentiment across the sector and reinforced the view that IBM could be a key long-term beneficiary of federal investment in the technology. Article Title
• Positive Sentiment: Articles about Trump’s $2 billion quantum push and a $1 billion investment tied to an IBM-backed quantum foundry have strengthened the “IBM as a quantum leader” narrative, which may support the stock. Article Title
• Positive Sentiment: IBM’s India executive said the country’s AI ambitions depend on workforce re-skilling and policy support, keeping IBM in the conversation as a major enterprise AI and consulting player in a large growth market. Article Title
• Neutral Sentiment: Jim Cramer said IBM “should be doing better,” echoing a view that the company’s fundamentals and strategic positioning may be stronger than its recent share performance has implied. Article Title
• Negative Sentiment: IBM is also winding down its Russia business, which is a sign of continued geopolitical disruption and may modestly weigh on revenue expectations, though the financial impact appears limited. Article Title

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IBM. Citigroup began coverage on shares of International Business Machines in a research note on Friday, April 10th. They issued a “buy” rating and a $285.00 price target on the stock. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Wedbush reiterated an “outperform” rating on shares of International Business Machines in a research note on Thursday. Argus set a $360.00 price target on shares of International Business Machines in a research note on Friday, January 30th. Finally, Evercore upped their price target on shares of International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $294.41.

Insider Transactions at International Business Machines

In other International Business Machines news, Director Michael Miebach purchased 434 shares of International Business Machines stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average price of $233.33 per share, with a total value of $101,265.22. Following the transaction, the director directly owned 434 shares of the company’s stock, valued at $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

International Business Machines Price Performance

IBM opened at $253.88 on Tuesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The stock has a market capitalization of $238.62 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.63 and a beta of 0.58. The company’s 50-day simple moving average is $238.83 and its two-hundred day simple moving average is $271.88. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $324.90.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.10. The business had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 EPS. As a group, analysts predict that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $1.69 per share. The ex-dividend date is Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 2.7%. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

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.