Surience Private Wealth LLC Acquires Shares of 13,612 International Business Machines Corporation $IBM

Surience Private Wealth LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM) during the 4th quarter, HoldingsChannel reports. The fund bought 13,612 shares of the technology company’s stock, valued at approximately $4,032,000. International Business Machines accounts for about 4.3% of Surience Private Wealth LLC’s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. purchased a new stake in International Business Machines in the 3rd quarter valued at $28,000. SWAN Capital LLC purchased a new stake in shares of International Business Machines in the third quarter valued at about $28,000. Trifecta Capital Advisors LLC increased its position in International Business Machines by 129.1% during the third quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock worth $36,000 after purchasing an additional 71 shares during the last quarter. American Wealth Advisors LLC acquired a new stake in International Business Machines during the third quarter worth about $40,000. Finally, Davis Capital Management purchased a new position in International Business Machines during the third quarter worth about $54,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insiders Place Their Bets

In related news, Director David N. Farr bought 1,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average cost of $304.00 per share, with a total value of $304,000.00. Following the purchase, the director directly owned 9,258 shares of the company’s stock, valued at $2,814,432. This trade represents a 12.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Miebach purchased 434 shares of International Business Machines stock in a transaction on Wednesday, February 25th. The stock was bought at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the transaction, the director directly owned 434 shares in the company, valued at $101,265.22. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 1,484 shares of company stock valued at $417,157. 0.27% of the stock is currently owned by company insiders.

International Business Machines Trading Up 0.4%

NYSE IBM opened at $237.17 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96. The firm has a market cap of $222.47 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.37 and a beta of 0.73. The firm has a 50 day simple moving average of $264.11 and a 200-day simple moving average of $284.53. International Business Machines Corporation has a one year low of $214.50 and a one year high of $324.90.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The firm had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. During the same period in the prior year, the firm earned $3.92 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, February 10th. International Business Machines’s dividend payout ratio (DPR) is presently 60.27%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Evercore increased their price target on shares of International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Royal Bank Of Canada set a $361.00 target price on International Business Machines in a research note on Thursday, January 29th. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. BMO Capital Markets cut their price objective on International Business Machines from $350.00 to $290.00 and set a “market perform” rating for the company in a research report on Thursday, March 19th. Finally, Dbs Bank raised shares of International Business Machines from a “hold” rating to a “moderate buy” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $314.60.

International Business Machines Profile

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.