Fielder Capital Group LLC Acquires 261 Shares of International Business Machines Co. (NYSE:IBM)

Fielder Capital Group LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 20.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,524 shares of the technology company’s stock after purchasing an additional 261 shares during the period. Fielder Capital Group LLC’s holdings in International Business Machines were worth $335,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pettinga Financial Advisors LLC bought a new position in International Business Machines during the third quarter worth $221,000. Valmark Advisers Inc. boosted its position in shares of International Business Machines by 6.8% during the 3rd quarter. Valmark Advisers Inc. now owns 4,651 shares of the technology company’s stock worth $1,028,000 after purchasing an additional 297 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of International Business Machines by 2.2% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 3,674 shares of the technology company’s stock valued at $812,000 after buying an additional 80 shares during the period. Goldstone Financial Group LLC bought a new stake in International Business Machines in the 3rd quarter valued at about $535,000. Finally, Catalyst Financial Partners LLC raised its stake in International Business Machines by 5.0% during the 3rd quarter. Catalyst Financial Partners LLC now owns 4,548 shares of the technology company’s stock worth $1,005,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IBM. Oppenheimer began coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective for the company. 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. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Bank of America lifted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $231.44.

International Business Machines Trading Down 1.0 %

Shares of International Business Machines stock opened at $253.24 on Friday. The firm has a market cap of $234.16 billion, a PE ratio of 39.51, a P/E/G ratio of 5.81 and a beta of 0.76. 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 current ratio of 1.04 and a quick ratio of 1.00. The stock has a fifty day moving average price of $237.78 and a 200-day moving average price of $223.69.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.64%. International Business Machines’s payout ratio is 104.21%.

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.