Del Sette Capital Management LLC Buys New Shares in International Business Machines Co. (NYSE:IBM)

Del Sette Capital Management LLC purchased a new position in International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,470 shares of the technology company’s stock, valued at approximately $1,876,000. International Business Machines comprises 1.6% of Del Sette Capital Management LLC’s holdings, making the stock its 15th biggest holding.

Several other institutional investors also recently modified their holdings of IBM. Desjardins Global Asset Management Inc. lifted its holdings in shares of International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after purchasing an additional 54 shares in the last quarter. Calamos Wealth Management LLC lifted its stake in International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after buying an additional 55 shares in the last quarter. Avion Wealth boosted its holdings in shares of International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after buying an additional 56 shares during the period. Northwest Capital Management Inc increased its position in shares of International Business Machines by 5.0% during the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after acquiring an additional 59 shares in the last quarter. Finally, Financial Security Advisor Inc. raised its holdings in shares of International Business Machines by 2.7% during the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after acquiring an additional 61 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM traded down $1.78 during trading hours on Friday, reaching $167.13. 8,983,796 shares of the company were exchanged, compared to its average volume of 3,906,041. The company has a market capitalization of $153.21 billion, a P/E ratio of 18.93, a P/E/G ratio of 3.30 and a beta of 0.70. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 0.93. The business has a 50 day moving average of $187.60 and a 200 day moving average of $170.53.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same period last year, the firm posted $1.36 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts forecast that International Business Machines Co. will post 9.99 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.97%. International Business Machines’s dividend payout ratio is presently 75.20%.

Analyst Ratings Changes

IBM has been the subject of several recent research reports. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $200.00 in a report on Friday, January 19th. Bank of America boosted their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Jefferies Financial Group lowered their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Finally, Morgan Stanley reduced their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $184.08.

About International Business Machines

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.