Acorns Advisers LLC Acquires New Shares in International Business Machines Co. (NYSE:IBM)

Acorns Advisers LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 909 shares of the technology company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IBM. Regal Investment Advisors LLC lifted its stake in International Business Machines by 2.2% in the 4th quarter. Regal Investment Advisors LLC now owns 22,693 shares of the technology company’s stock valued at $4,989,000 after purchasing an additional 485 shares during the last quarter. Integrity Wealth Advisors Inc. acquired a new stake in shares of International Business Machines during the fourth quarter valued at about $1,832,000. Montag & Caldwell LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $59,000. Anchor Investment Management LLC raised its holdings in International Business Machines by 2.3% in the 4th quarter. Anchor Investment Management LLC now owns 7,982 shares of the technology company’s stock valued at $1,755,000 after buying an additional 183 shares during the last quarter. Finally, Rench Wealth Management Inc. boosted its position in International Business Machines by 3.7% during the 4th quarter. Rench Wealth Management Inc. now owns 2,352 shares of the technology company’s stock worth $517,000 after buying an additional 83 shares during the period. Institutional investors own 58.96% of the company’s stock.

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 shares were 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 $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports 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. UBS Group upped their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report 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. Royal Bank of Canada restated an “outperform” rating and set a $276.00 price target on shares of International Business Machines in a report on Monday. Finally, BMO Capital Markets lifted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average price target of $232.75.

International Business Machines Trading Up 0.7 %

Shares of IBM stock opened at $240.73 on Wednesday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45. The company has a 50-day simple moving average of $248.41 and a two-hundred day simple moving average of $233.20. The company has a market capitalization of $223.22 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 5.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

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, beating 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%. Research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared 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 of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.77%. International Business Machines’s payout ratio is currently 104.21%.

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.