Abacus FCF Advisors LLC Grows Position in International Business Machines Co. (NYSE:IBM)

Abacus FCF Advisors LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 46.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 48,200 shares of the technology company's stock after acquiring an additional 15,252 shares during the period. International Business Machines comprises about 1.4% of Abacus FCF Advisors LLC's holdings, making the stock its 14th biggest holding. Abacus FCF Advisors LLC's holdings in International Business Machines were worth $10,596,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new stake in International Business Machines in the 4th quarter valued at $31,000. Avondale Wealth Management increased its stake in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares during the last quarter. Valued Wealth Advisors LLC raised its holdings in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after acquiring an additional 90 shares during the period. Finally, Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $35,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts have weighed in on IBM shares. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. Morgan Stanley upped 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. BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. Finally, UBS Group lifted their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $231.13.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

International Business Machines Stock Up 2.6 %

Shares of NYSE IBM traded up $5.94 during midday trading on Friday, hitting $235.49. 4,324,754 shares of the company's stock were exchanged, compared to its average volume of 4,215,521. The firm's fifty day simple moving average is $249.14 and its 200-day simple moving average is $232.95. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company has a market cap of $218.37 billion, a PE ratio of 36.74, a P/E/G ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating 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%. Research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is 104.21%.

International Business Machines 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.