Focus Partners Advisor Solutions LLC Boosts Stock Holdings in International Business Machines Co. (NYSE:IBM)

Focus Partners Advisor Solutions LLC boosted its stake in International Business Machines Co. (NYSE:IBM) by 49.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,607 shares of the technology company’s stock after purchasing an additional 9,768 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in International Business Machines were worth $6,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Compass Financial Services Inc purchased a new stake in shares of International Business Machines in the fourth quarter worth about $26,000. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $31,000. Valued Wealth Advisors LLC boosted its position in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after acquiring an additional 90 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in International Business Machines in the fourth quarter worth $35,000. Finally, Tacita Capital Inc raised its stake in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research reports. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a “hold” rating in a report on Thursday, April 24th. Morgan Stanley dropped their target price on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target on the stock. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada increased their target price on shares of International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus price target of $249.06.

International Business Machines Stock Performance

IBM stock opened at $266.76 on Wednesday. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $269.28. The business has a 50-day moving average price of $244.53 and a 200 day moving average price of $237.32. The company has a market capitalization of $247.93 billion, a P/E ratio of 41.62, a PEG ratio of 5.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter last year, the firm posted $1.68 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a $1.68 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.52%. International Business Machines’s payout ratio is 115.66%.

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.