International Business Machines Co. (NYSE:IBM) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc boosted its position in International Business Machines Co. (NYSE:IBM) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,425 shares of the technology company’s stock after purchasing an additional 45 shares during the quarter. Marks Group Wealth Management Inc’s holdings in International Business Machines were worth $2,292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the 4th quarter valued at about $26,000. Hazlett Burt & Watson Inc. raised its stake in International Business Machines by 1,054.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after purchasing an additional 116 shares during the period. Hara Capital LLC acquired a new position in International Business Machines in the 3rd quarter valued at about $29,000. Avondale Wealth Management grew its stake in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after buying an additional 56 shares during the period. Finally, Valued Wealth Advisors LLC increased its holdings 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 worth $35,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 2.2 %

Shares of International Business Machines stock opened at $254.85 on Wednesday. The company’s fifty day moving average is $230.19 and its two-hundred day moving average is $217.78. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. 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 company has a market capitalization of $235.65 billion, a P/E ratio of 39.76, a PEG ratio of 5.57 and a beta of 0.76.

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%. Analysts forecast that International Business Machines Co. will post 10.75 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. International Business Machines’s payout ratio is currently 104.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IBM. Sanford C. Bernstein upped their price target on International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Oppenheimer initiated coverage on shares of International Business Machines in a report on Tuesday. They issued an “outperform” rating and a $320.00 price objective on the stock. Bank of America increased their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley boosted their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, Jefferies Financial Group increased their price objective 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $231.44.

International Business Machines Company 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.