ROI Financial Advisors LLC Raises Stock Position in International Business Machines Co. (NYSE:IBM)

ROI Financial Advisors LLC lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,319 shares of the technology company’s stock after buying an additional 957 shares during the period. International Business Machines makes up approximately 1.4% of ROI Financial Advisors LLC’s portfolio, making the stock its 19th largest position. ROI Financial Advisors LLC’s holdings in International Business Machines were worth $2,049,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IBM. Wescott Financial Advisory Group LLC lifted its position in International Business Machines by 4.5% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 2,363 shares of the technology company’s stock valued at $519,000 after buying an additional 101 shares during the last quarter. Conquis Financial LLC purchased a new position in shares of International Business Machines during the 4th quarter worth approximately $94,000. Yoffe Investment Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at approximately $2,879,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in International Business Machines by 6.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,721 shares of the technology company’s stock worth $378,000 after purchasing an additional 108 shares in the last quarter. Finally, Uniting Wealth Partners LLC purchased a new position in shares of International Business Machines during the fourth quarter worth $1,039,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other International Business Machines 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 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 approximately $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IBM shares. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Sanford C. Bernstein increased their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. UBS Group lifted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. Oppenheimer started coverage on shares of International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price on the stock. Finally, StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $231.13.

International Business Machines Trading Down 6.6 %

NYSE:IBM opened at $227.31 on Friday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The stock has a market cap of $210.78 billion, a P/E ratio of 35.46, a P/E/G 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. The stock has a 50-day simple moving average of $251.46 and a 200-day simple moving average of $232.41.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results 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%. As a group, analysts anticipate that International Business Machines Co. will post 10.78 earnings per share 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. Investors of record on Monday, February 10th were given a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.94%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

About International Business Machines

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.