NEOS Investment Management LLC Has $10.57 Million Holdings in International Business Machines Co. (NYSE:IBM)

NEOS Investment Management LLC grew its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,088 shares of the technology company's stock after acquiring an additional 5,176 shares during the period. NEOS Investment Management LLC's holdings in International Business Machines were worth $10,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IBM. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the fourth quarter worth $26,000. Vision Financial Markets LLC acquired a new position in International Business Machines in the 4th quarter worth $31,000. Avondale Wealth Management boosted its position in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after buying an additional 56 shares during the last quarter. Valued Wealth Advisors LLC increased its position in shares of International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of International Business Machines during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 58.96% of the company's stock.

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 owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company's stock.

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Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research analyst reports. Oppenheimer assumed coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target for the company. Jefferies Financial Group increased their target price on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Finally, Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average price target of $231.44.

International Business Machines Price Performance

Shares of NYSE IBM traded down $2.38 during midday trading on Friday, reaching $243.83. The company's stock had a trading volume of 3,125,152 shares, compared to its average volume of 4,089,823. The company 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 Co. has a one year low of $162.62 and a one year 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 company has a 50 day moving average price of $249.51 and a 200 day moving average price of $231.47.

International Business Machines (NYSE:IBM - Get Free Report) last posted 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%. On average, equities research analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

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

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.