Orion Portfolio Solutions LLC Has $12.02 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Orion Portfolio Solutions LLC boosted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,663 shares of the technology company's stock after buying an additional 4,985 shares during the period. Orion Portfolio Solutions LLC's holdings in International Business Machines were worth $12,017,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on IBM shares. Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective for the company. BMO Capital Markets increased their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Jefferies Financial Group dropped their price objective on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a report on Monday. Finally, UBS Group increased their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $231.13.

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Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of the firm'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 transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

International Business Machines Trading Up 0.2 %

International Business Machines stock traded up $0.39 during midday trading on Tuesday, hitting $249.05. 1,059,363 shares of the stock were exchanged, compared to its average volume of 4,088,980. The stock has a market capitalization of $230.93 billion, a PE ratio of 38.85, a P/E/G ratio of 5.81 and a beta of 0.74. The company has a fifty day simple moving average of $249.99 and a two-hundred day simple moving average of $231.88. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. International Business Machines's payout ratio is 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.