International Business Machines Co. (NYSE:IBM) Shares Acquired by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. grew its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,519 shares of the technology company's stock after purchasing an additional 1,829 shares during the period. Ausdal Financial Partners Inc.'s holdings in International Business Machines were worth $2,752,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. United Bank raised its stake in shares of International Business Machines by 53.3% in the third 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 raised its position in International Business Machines by 23,700.0% in the 3rd quarter. Quest Partners LLC now owns 238 shares of the technology company's stock valued at $53,000 after purchasing an additional 237 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of International Business Machines by 23.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 95,529 shares of the technology company's stock valued at $21,120,000 after buying an additional 18,340 shares during the period. Davis R M Inc. grew its position in shares of International Business Machines by 2.3% during the third quarter. Davis R M Inc. now owns 8,351 shares of the technology company's stock worth $1,846,000 after buying an additional 186 shares in the last quarter. Finally, Truvestments Capital LLC increased its stake in shares of International Business Machines by 12.9% during the third quarter. Truvestments Capital LLC now owns 2,577 shares of the technology company's stock worth $570,000 after buying an additional 294 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

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International Business Machines Stock Performance

International Business Machines stock traded down $2.38 during midday trading 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. The firm's 50 day simple moving average is $249.51 and its 200 day simple moving average is $231.47. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market cap of $226.10 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last issued 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 return on equity of 38.99% and a net margin of 9.60%. Equities research analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

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

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction dated 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on IBM shares. Morgan Stanley lifted their price target on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. BMO Capital Markets raised their price target on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. Finally, UBS Group raised their target price on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock 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.