International Business Machines Co. (NYSE:IBM) Shares Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 23,311.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 697,182 shares of the technology company’s stock after acquiring an additional 694,204 shares during the quarter. Strategic Financial Concepts LLC’s holdings in International Business Machines were worth $153,262,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ledyard National Bank lifted its position in International Business Machines by 12.0% in the fourth quarter. Ledyard National Bank now owns 16,032 shares of the technology company’s stock valued at $3,524,000 after buying an additional 1,724 shares during the last quarter. Consolidated Portfolio Review Corp raised its stake in shares of International Business Machines by 797.4% in the 4th quarter. Consolidated Portfolio Review Corp now owns 8,696 shares of the technology company’s stock valued at $1,912,000 after acquiring an additional 7,727 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $274,000. Telos Capital Management Inc. boosted its position in shares of International Business Machines by 72.9% during the 4th quarter. Telos Capital Management Inc. now owns 6,280 shares of the technology company’s stock worth $1,381,000 after purchasing an additional 2,647 shares during the period. Finally, GHP Investment Advisors Inc. increased its holdings in International Business Machines by 1.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 78,694 shares of the technology company’s stock valued at $17,299,000 after purchasing an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Sanford C. Bernstein boosted 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 note on Friday, January 3rd. Wedbush assumed coverage on shares of International Business Machines in a research note on Monday. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group upped their target price on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $225.53.

International Business Machines Price Performance

International Business Machines stock opened at $253.30 on Friday. The stock has a market cap of $234.21 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76. The company has a fifty day simple moving average of $228.73 and a 200-day simple moving average of $216.19. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBM) last posted its 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%. Equities analysts expect that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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