International Business Machines Co. (NYSE:IBM) Shares Purchased by ROI Financial Advisors LLC

ROI Financial Advisors LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,319 shares of the technology company’s stock after acquiring an additional 957 shares during the quarter. International Business Machines comprises 1.4% of ROI Financial Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. ROI Financial Advisors LLC’s holdings in International Business Machines were worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of IBM. Compass Financial Services Inc purchased a new position in International Business Machines in the 4th quarter valued at $26,000. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $31,000. Avondale Wealth Management increased its stake in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after acquiring an additional 56 shares during the period. Valued Wealth Advisors LLC raised its holdings in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after purchasing an additional 90 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in International Business Machines in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

International Business Machines Trading Down 6.6 %

Shares of IBM stock opened at $227.31 on Friday. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45. The company has a market capitalization of $210.78 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 5.81 and a beta of 0.67. The firm has a 50-day moving average price of $251.46 and a 200 day moving average price of $232.41. 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 (NYSE:IBM) last announced its earnings results 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%. Research analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IBM. Bank of America increased their target price on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. BMO Capital Markets boosted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, Jefferies Financial Group decreased their price objective on shares of International Business Machines from $270.00 to $265.00 and set a “hold” rating on the stock in a report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned 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 company has a consensus rating of “Hold” and an average target price of $231.13.

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.