SPC Financial Inc. Purchases 1,148 Shares of International Business Machines Co. (NYSE:IBM)

SPC Financial Inc. lifted its position in International Business Machines Co. (NYSE:IBM) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,264 shares of the technology company’s stock after acquiring an additional 1,148 shares during the quarter. SPC Financial Inc.’s holdings in International Business Machines were worth $4,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBM. Pettinga Financial Advisors LLC purchased a new stake in International Business Machines in the third quarter valued at approximately $221,000. Rational Advisors LLC raised its stake in shares of International Business Machines by 428.4% during the 3rd quarter. Rational Advisors LLC now owns 6,351 shares of the technology company’s stock worth $1,404,000 after buying an additional 5,149 shares during the period. Hazlett Burt & Watson Inc. raised its stake in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after purchasing an additional 116 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in International Business Machines in the 3rd quarter valued at $309,000. Finally, FSM Wealth Advisors LLC increased its stake in shares of International Business Machines by 7.4% in the 3rd quarter. FSM Wealth Advisors LLC now owns 2,597 shares of the technology company’s stock worth $574,000 after acquiring an additional 178 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBM has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Wedbush initiated coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. BMO Capital Markets lifted their price target on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Finally, Oppenheimer initiated coverage on International Business Machines in a research report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Trading Up 1.1 %

Shares of IBM opened at $253.07 on Wednesday. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $234.66 billion, a price-to-earnings ratio of 39.48, a P/E/G ratio of 5.81 and a beta of 0.74. The stock’s 50-day moving average price is $239.50 and its 200 day moving average price is $225.40.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is owned by corporate insiders.

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.