International Business Machines Co. (NYSE:IBM) Shares Purchased by Roth Financial Partners LLC

Roth Financial Partners LLC raised its position in International Business Machines Co. (NYSE:IBM) by 44.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,434 shares of the technology company’s stock after acquiring an additional 1,683 shares during the period. International Business Machines accounts for about 0.5% of Roth Financial Partners LLC’s portfolio, making the stock its 15th largest position. Roth Financial Partners LLC’s holdings in International Business Machines were worth $889,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. lifted its stake in International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after acquiring an additional 57,170 shares during the period. Herold Advisors Inc. grew its position in International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after acquiring an additional 688 shares in the last quarter. Tsfg LLC increased its stake in International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after purchasing an additional 109 shares during the period. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of International Business Machines during the third quarter worth about $661,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.1 %

Shares of NYSE IBM traded down $0.20 during mid-day trading on Friday, reaching $181.27. The company had a trading volume of 1,618,907 shares, compared to its average volume of 4,760,793. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The stock has a market cap of $166.18 billion, a P/E ratio of 22.35, a PEG ratio of 3.58 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The firm has a 50 day simple moving average of $188.56 and a two-hundred day simple moving average of $168.63.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter last year, the business posted $3.60 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 81.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group started coverage on shares of International Business Machines in a report on Friday, January 5th. They set a “hold” rating and a $180.00 target price on the stock. Societe Generale reiterated a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research note on Friday, January 5th. BMO Capital Markets boosted their target price on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Bank of America lifted their price objective on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada upped their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $178.67.

International Business Machines 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.