Financial Engines Advisors L.L.C. Has $2.29 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Financial Engines Advisors L.L.C. increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 39.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,401 shares of the technology company’s stock after buying an additional 2,928 shares during the period. Financial Engines Advisors L.L.C.’s holdings in International Business Machines were worth $2,286,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Penobscot Investment Management Company Inc. increased its stake in shares of International Business Machines by 6.3% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 8,628 shares of the technology company’s stock valued at $1,897,000 after buying an additional 515 shares during the period. Trust Investment Advisors boosted its holdings in International Business Machines by 5.1% in the fourth quarter. Trust Investment Advisors now owns 10,496 shares of the technology company’s stock valued at $2,307,000 after acquiring an additional 507 shares during the last quarter. PKS Advisory Services LLC acquired a new stake in International Business Machines in the fourth quarter worth about $912,000. Syverson Strege & Co raised its holdings in International Business Machines by 14.6% during the 4th quarter. Syverson Strege & Co now owns 2,220 shares of the technology company’s stock worth $488,000 after purchasing an additional 283 shares during the last quarter. Finally, TIAA Trust National Association lifted its position in International Business Machines by 1.2% during the 4th quarter. TIAA Trust National Association now owns 108,400 shares of the technology company’s stock valued at $23,830,000 after purchasing an additional 1,244 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $250.26 on Thursday. The stock’s 50-day simple moving average is $248.65 and its 200 day simple moving average is $230.90. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market cap of $232.06 billion, a P/E ratio of 39.04, a P/E/G ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.67%. International Business Machines’s dividend payout ratio is presently 104.21%.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on 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 directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on IBM. Oppenheimer assumed coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. UBS Group lifted their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, JPMorgan Chase & Co. boosted their target price on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $231.44.

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.