Farther Finance Advisors LLC Raises Stock Position in International Business Machines Co. (NYSE:IBM)

Farther Finance Advisors LLC raised its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,228 shares of the technology company's stock after purchasing an additional 1,668 shares during the period. Farther Finance Advisors LLC's holdings in International Business Machines were worth $4,007,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IBM. Parkworth Wealth Management Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at approximately $57,000. EverSource Wealth Advisors LLC increased its position in shares of International Business Machines by 32.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,536 shares of the technology company's stock worth $777,000 after purchasing an additional 872 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in International Business Machines by 47.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 173,932 shares of the technology company's stock valued at $38,235,000 after purchasing an additional 56,353 shares during the last quarter. Saturna Capital Corp lifted its holdings in International Business Machines by 9.5% in the 4th quarter. Saturna Capital Corp now owns 2,324 shares of the technology company's stock valued at $511,000 after purchasing an additional 201 shares in the last quarter. Finally, PFG Advisors boosted its stake in International Business Machines by 4.4% during the 4th quarter. PFG Advisors now owns 8,207 shares of the technology company's stock worth $1,804,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Bank of America raised their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Jefferies Financial Group lifted their price objective on International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $231.44.

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Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were 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. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.07% of the company's stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $249.72 on Thursday. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The stock has a market cap of $231.56 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The business's fifty day moving average price is $243.21 and its two-hundred day moving average price is $227.58. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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%. On average, analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 dividend yield of 2.67%. 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.

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