Rothschild Capital Partners LLC Invests $235,000 in International Business Machines Co. (NYSE:IBM)

Rothschild Capital Partners LLC bought a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,070 shares of the technology company’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its stake in shares of International Business Machines by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company’s stock valued at $108,942,000 after purchasing an additional 4,131 shares in the last quarter. Blue Zone Wealth Advisors LLC bought a new position in International Business Machines during the 4th quarter valued at about $242,000. Brady Martz Wealth Solutions LLC acquired a new position in International Business Machines in the fourth quarter valued at about $1,940,000. Tranquilli Financial Advisor LLC bought a new stake in International Business Machines during the fourth quarter worth about $373,000. Finally, Truist Financial Corp increased its holdings in shares of International Business Machines by 6.5% during the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company’s stock worth $178,296,000 after buying an additional 49,591 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating on shares of International Business Machines in a research report on Wednesday. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price on the stock. Bank of America raised 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. Wedbush reiterated an “outperform” rating and set a $300.00 price target on shares of International Business Machines in a research report on Thursday. Finally, BMO Capital Markets restated a “market perform” rating on shares of International Business Machines in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $242.41.

International Business Machines Stock Down 6.6 %

NYSE:IBM opened at $229.29 on Friday. The stock’s fifty day simple moving average is $245.94 and its 200-day simple moving average is $233.89. The firm has a market capitalization of $212.61 billion, a P/E ratio of 35.77, a P/E/G ratio of 5.81 and a beta of 0.67. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.91%. International Business Machines’s dividend payout ratio (DPR) is presently 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.