AssuredPartners Investment Advisors LLC Buys New Holdings in International Business Machines Co. (NYSE:IBM)

AssuredPartners Investment Advisors LLC bought a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,214 shares of the technology company's stock, valued at approximately $926,000.

Several other hedge funds also recently modified their holdings of the company. United Bank grew its holdings in shares of International Business Machines by 53.3% during the 3rd quarter. United Bank now owns 5,628 shares of the technology company's stock valued at $1,244,000 after acquiring an additional 1,956 shares in the last quarter. Quest Partners LLC boosted its position in shares of International Business Machines by 23,700.0% during the 3rd quarter. Quest Partners LLC now owns 238 shares of the technology company's stock valued at $53,000 after acquiring an additional 237 shares in the last quarter. FMR LLC grew its position in International Business Machines by 6.0% in the third quarter. FMR LLC now owns 5,195,933 shares of the technology company's stock valued at $1,148,717,000 after acquiring an additional 294,276 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of International Business Machines during the third quarter worth approximately $4,355,000. Finally, Providence Capital Advisors LLC lifted its position in International Business Machines by 0.5% during the 3rd quarter. Providence Capital Advisors LLC now owns 17,288 shares of the technology company's stock worth $3,822,000 after buying an additional 84 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price target on 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. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Wedbush assumed coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating on the stock. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus price target of $231.44.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated 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 transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

International Business Machines Price Performance

NYSE IBM traded down $2.38 on Friday, hitting $243.83. 3,125,152 shares of the company's stock were exchanged, compared to its average volume of 4,089,823. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a 50-day moving average of $249.51 and a 200-day moving average of $231.47. The stock has a market cap of $226.10 billion, a price-to-earnings ratio of 38.04, a P/E/G ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

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.