Paragon Private Wealth Management LLC Boosts Holdings in International Business Machines Co. (NYSE:IBM)

Paragon Private Wealth Management LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,649 shares of the technology company’s stock after buying an additional 461 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in International Business Machines were worth $1,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tower Wealth Partners Inc. grew its holdings in shares of International Business Machines by 1.9% during the 4th quarter. Tower Wealth Partners Inc. now owns 2,376 shares of the technology company’s stock valued at $522,000 after purchasing an additional 45 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of International Business Machines by 3.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 200,648 shares of the technology company’s stock valued at $44,108,000 after purchasing an additional 5,958 shares in the last quarter. Moran Wealth Management LLC boosted its stake in shares of International Business Machines by 2.7% during the 4th quarter. Moran Wealth Management LLC now owns 18,951 shares of the technology company’s stock valued at $4,166,000 after purchasing an additional 504 shares in the last quarter. Main Street Research LLC lifted its position in International Business Machines by 18.2% during the 4th quarter. Main Street Research LLC now owns 1,659 shares of the technology company’s stock valued at $365,000 after acquiring an additional 255 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in International Business Machines by 52.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 545,883 shares of the technology company’s stock valued at $120,001,000 after acquiring an additional 186,733 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Sanford C. Bernstein boosted their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Jefferies Financial Group upped their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Wedbush initiated coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $231.44.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $261.67 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $242.63 billion, a P/E ratio of 40.82, a P/E/G ratio of 5.81 and a beta of 0.74. The firm’s 50 day moving average is $241.29 and its two-hundred day moving average is $226.62. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate 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 forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is owned by company insiders.

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.