Sigma Planning Corp Acquires 3,111 Shares of International Business Machines Corporation $IBM

Sigma Planning Corp increased its holdings in International Business Machines Corporation (NYSE:IBM) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,386 shares of the technology company’s stock after buying an additional 3,111 shares during the period. Sigma Planning Corp’s holdings in International Business Machines were worth $11,113,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IBM. Winnow Wealth LLC bought a new position in shares of International Business Machines in the second quarter worth $27,000. Mountain Hill Investment Partners Corp. purchased a new position in International Business Machines during the 3rd quarter valued at about $28,000. Trifecta Capital Advisors LLC grew its holdings in International Business Machines by 129.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock valued at $36,000 after buying an additional 71 shares in the last quarter. Legacy Wealth Managment LLC ID increased its position in shares of International Business Machines by 48.5% during the second quarter. Legacy Wealth Managment LLC ID now owns 147 shares of the technology company’s stock valued at $43,000 after buying an additional 48 shares during the period. Finally, Davis Capital Management purchased a new stake in shares of International Business Machines in the third quarter worth about $54,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IBM shares. Wedbush boosted their price objective on shares of International Business Machines from $325.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Royal Bank Of Canada set a $361.00 price target on shares of International Business Machines in a report on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of International Business Machines in a research note on Thursday, January 22nd. Oppenheimer set a $380.00 price target on International Business Machines and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Bank of America boosted their price objective on International Business Machines from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $330.07.

International Business Machines Trading Up 0.4%

NYSE IBM opened at $257.20 on Friday. The stock’s 50-day simple moving average is $294.08 and its two-hundred day simple moving average is $284.23. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $240.41 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.58 and a beta of 0.69.

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

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 10th. International Business Machines’s payout ratio is presently 60.27%.

Insider Activity

In other International Business Machines news, Director David N. Farr bought 1,000 shares of International Business Machines stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average price of $304.00 per share, with a total value of $304,000.00. Following the acquisition, the director owned 9,258 shares in the company, valued at approximately $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

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.