International Business Machines Co. (NYSE:IBM) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc increased its position in shares of International Business Machines Co. (NYSE:IBM) by 7.7% in the 4th quarter, HoldingsChannel reports. The firm owned 23,254 shares of the technology company’s stock after purchasing an additional 1,670 shares during the period. IFP Advisors Inc’s holdings in International Business Machines were worth $5,113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. JBR Co Financial Management Inc increased its holdings in shares of International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 40 shares in the last quarter. Callan Capital LLC grew its position in International Business Machines by 2.4% during the fourth quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock worth $411,000 after buying an additional 44 shares during the period. Marks Group Wealth Management Inc increased its holdings in International Business Machines by 0.4% in the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock valued at $2,292,000 after buying an additional 45 shares in the last quarter. First Affirmative Financial Network lifted its position in shares of International Business Machines by 1.5% during the 4th quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company’s stock valued at $687,000 after acquiring an additional 46 shares during the period. Finally, Waterfront Wealth Inc. boosted its stake in shares of International Business Machines by 2.0% during the 4th quarter. Waterfront Wealth Inc. now owns 2,393 shares of the technology company’s stock worth $526,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

International Business Machines stock opened at $262.12 on Tuesday. The stock has a fifty day moving average price of $235.92 and a 200 day moving average price of $222.79. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. The firm has a market capitalization of $242.37 billion, a P/E ratio of 40.89, a PEG ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. International Business Machines’s dividend payout ratio is presently 104.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Oppenheimer began coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective for the company. Wedbush started coverage on International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Sanford C. Bernstein boosted their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Bank of America raised their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Morgan Stanley upped their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $231.44.

International Business Machines Company Profile

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.