Catalyst Financial Partners LLC Has $1.06 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Catalyst Financial Partners LLC increased its position in shares of International Business Machines Co. (NYSE:IBM) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 4,818 shares of the technology company’s stock after purchasing an additional 270 shares during the period. Catalyst Financial Partners LLC’s holdings in International Business Machines were worth $1,059,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Life Planning Partners Inc bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $36,002,000. Pathway Financial Advisers LLC acquired a new stake in International Business Machines during the 4th quarter valued at $4,706,000. Investment Partners Asset Management Inc. raised its position in International Business Machines by 2.5% in the 4th quarter. Investment Partners Asset Management Inc. now owns 9,092 shares of the technology company’s stock valued at $1,999,000 after purchasing an additional 221 shares during the last quarter. Avestar Capital LLC boosted its stake in International Business Machines by 12.4% in the fourth quarter. Avestar Capital LLC now owns 5,173 shares of the technology company’s stock worth $1,137,000 after purchasing an additional 569 shares in the last quarter. Finally, Hudock Inc. bought a new stake in shares of International Business Machines during the fourth quarter worth $2,739,000. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Sanford C. Bernstein upped their target price 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. Oppenheimer started coverage on shares of International Business Machines in a report on Tuesday. They issued an “outperform” rating and a $320.00 price target for the company. Wedbush began coverage on International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Finally, Bank of America lifted their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Price Performance

International Business Machines stock opened at $259.07 on Friday. The firm has a market capitalization of $239.55 billion, a P/E ratio of 40.42, a PEG ratio of 5.57 and a beta of 0.76. The business has a 50-day moving average of $231.15 and a 200-day moving average of $218.49. 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 1 year low of $162.62 and a 1 year high of $265.72.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. On average, equities analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.58%. International Business Machines’s dividend payout ratio is presently 104.21%.

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.