Capital Advantage Inc. Invests $393,000 in International Business Machines Co. (NYSE:IBM)

Capital Advantage Inc. bought a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,787 shares of the technology company's stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in shares of International Business Machines by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,094,106 shares of the technology company's stock worth $241,885,000 after purchasing an additional 46,951 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of International Business Machines by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company's stock worth $16,615,000 after acquiring an additional 4,625 shares in the last quarter. Pensionfund Sabic lifted its position in International Business Machines by 40.0% during the fourth quarter. Pensionfund Sabic now owns 14,000 shares of the technology company's stock valued at $3,078,000 after acquiring an additional 4,000 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its stake in International Business Machines by 6.7% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 54,011 shares of the technology company's stock valued at $11,873,000 after acquiring an additional 3,402 shares in the last quarter. Finally, Advance Capital Management Inc. increased its position in shares of International Business Machines by 8.9% during the fourth quarter. Advance Capital Management Inc. now owns 1,620 shares of the technology company's stock worth $356,000 after purchasing an additional 132 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company's stock.

International Business Machines Trading Up 0.3 %

NYSE:IBM traded up $0.87 during trading hours on Thursday, reaching $254.24. 3,633,605 shares of the company were exchanged, compared to its average volume of 4,206,063. International Business Machines Co. has a 52-week low of $163.53 and a 52-week high of $266.45. The stock has a 50 day simple moving average of $243.00 and a 200 day simple moving average of $234.51. The firm has a market cap of $236.29 billion, a price-to-earnings ratio of 39.66, a PEG ratio of 5.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. As a group, analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.64%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IBM. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Bank of America raised their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and an average target price of $248.50.

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.