Roth Financial Partners LLC Raises Stock Holdings in International Business Machines Co. (NYSE:IBM)

Roth Financial Partners LLC raised its holdings in International Business Machines Co. (NYSE:IBM) by 44.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,434 shares of the technology company’s stock after purchasing an additional 1,683 shares during the period. International Business Machines comprises approximately 0.5% of Roth Financial Partners LLC’s holdings, making the stock its 15th largest holding. Roth Financial Partners LLC’s holdings in International Business Machines were worth $889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBM. Vanguard Group Inc. grew its stake in International Business Machines by 0.4% in the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after purchasing an additional 365,388 shares in the last quarter. Morgan Stanley increased its holdings in shares of International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after acquiring an additional 3,084,458 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of International Business Machines by 7.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after acquiring an additional 1,105,170 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in International Business Machines by 98,797.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after purchasing an additional 11,017,849 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in International Business Machines by 4.2% in the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after purchasing an additional 404,948 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Jefferies Financial Group began coverage on shares of International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price target for the company. Sanford C. Bernstein increased their price target on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Stifel Nicolaus restated a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a research report on Wednesday. Societe Generale reaffirmed a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. Finally, Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $178.67.

International Business Machines Price Performance

IBM traded down $0.20 during trading on Friday, reaching $181.27. The stock had a trading volume of 1,618,907 shares, compared to its average volume of 4,760,793. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The firm has a market capitalization of $166.18 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 3.58 and a beta of 0.70. The stock has a 50 day moving average of $188.56 and a two-hundred day moving average of $168.63. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.60 earnings per share. As a group, equities analysts anticipate that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.66%. International Business Machines’s payout ratio is currently 81.67%.

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.