Atria Wealth Solutions Inc. Has $17.69 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Atria Wealth Solutions Inc. increased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,491 shares of the technology company's stock after purchasing an additional 5,581 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in International Business Machines were worth $17,694,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Compass Financial Services Inc acquired a new stake in International Business Machines in the fourth quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. lifted its stake in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC acquired a new stake in International Business Machines in the third quarter valued at approximately $29,000. Avondale Wealth Management lifted its stake in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after acquiring an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its stake in International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after acquiring an additional 90 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

IBM stock traded down $2.97 on Friday, reaching $261.77. 5,665,344 shares of the company were exchanged, compared to its average volume of 4,735,325. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The stock's fifty day moving average price is $235.27 and its 200 day moving average price is $221.81. The firm has a market capitalization of $242.05 billion, a PE ratio of 40.84, a PEG ratio of 5.80 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM - Get Free Report) 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%. On average, research analysts anticipate that International Business Machines Co. will post 10.77 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.55%. International Business Machines's dividend payout ratio is currently 104.21%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on IBM shares. Morgan Stanley lifted their target price 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. UBS Group lifted their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, January 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Wedbush initiated coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an "outperform" rating on the stock. Finally, BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $231.44.

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.