Farther Finance Advisors LLC Grows Stock Holdings in International Business Machines Corporation $IBM

Farther Finance Advisors LLC lifted its position in International Business Machines Corporation (NYSE:IBMFree Report) by 63.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 52,169 shares of the technology company’s stock after buying an additional 20,318 shares during the quarter. Farther Finance Advisors LLC’s holdings in International Business Machines were worth $15,453,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mattson Financial Services LLC acquired a new stake in International Business Machines in the third quarter valued at approximately $852,000. Waverton Investment Management Ltd lifted its stake in International Business Machines by 3.3% in the third quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock worth $280,439,000 after acquiring an additional 32,072 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in International Business Machines by 30.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock worth $3,887,000 after acquiring an additional 3,029 shares in the last quarter. NEOS Investment Management LLC increased its position in shares of International Business Machines by 51.7% in the 3rd quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company’s stock valued at $32,278,000 after purchasing an additional 38,973 shares during the last quarter. Finally, American National Bank & Trust raised its holdings in shares of International Business Machines by 26.2% in the 3rd quarter. American National Bank & Trust now owns 12,537 shares of the technology company’s stock valued at $3,537,000 after purchasing an additional 2,603 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling

In other news, Director David N. Farr acquired 1,000 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of $304.00 per share, with a total value of $304,000.00. Following the completion of the acquisition, the director owned 9,258 shares of the company’s stock, valued at $2,814,432. The trade was a 12.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Miebach bought 434 shares of the stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the transaction, the director owned 434 shares of the company’s stock, valued at approximately $101,265.22. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 1,484 shares of company stock worth $417,157 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $240.28 on Wednesday. International Business Machines Corporation has a 12 month low of $220.72 and a 12 month high of $324.90. The firm has a market capitalization of $225.39 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.38 and a beta of 0.69. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.96 and a quick ratio of 0.92. The company’s fifty day moving average price is $251.61 and its 200 day moving average price is $282.58.

International Business Machines (NYSE:IBMGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $0.19. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company had revenue of $19.69 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same quarter in the prior year, the firm posted $3.92 earnings per share. International Business Machines’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, February 10th. International Business Machines’s dividend payout ratio (DPR) is currently 60.27%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent analyst reports. Argus set a $360.00 price objective on shares of International Business Machines in a research report on Friday, January 30th. Jefferies Financial Group restated a “buy” rating on shares of International Business Machines in a research note on Monday, February 23rd. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Wedbush reiterated an “outperform” rating and issued a $340.00 price objective on shares of International Business Machines in a report on Tuesday, February 24th. Finally, Morgan Stanley set a $215.00 target price on International Business Machines in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $307.63.

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International Business Machines Profile

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

Further Reading

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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