Foster & Motley Inc. Has $8.20 Million Stake in International Business Machines Co. (NYSE:IBM)

Foster & Motley Inc. cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,315 shares of the technology company’s stock after selling 1,134 shares during the quarter. Foster & Motley Inc.’s holdings in International Business Machines were worth $8,203,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IBM. Meeder Asset Management Inc. raised its position in shares of International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the period. Brady Martz Wealth Solutions LLC acquired a new stake in International Business Machines during the fourth quarter worth approximately $1,940,000. Philip James Wealth Mangement LLC bought a new stake in shares of International Business Machines during the third quarter worth approximately $5,117,000. Nordea Investment Management AB boosted its holdings in shares of International Business Machines by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after acquiring an additional 4,625 shares during the period. Finally, M.E. Allison & CO. Inc. acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $1,034,000. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday. DZ Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a research report on Wednesday, October 2nd. BMO Capital Markets raised their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus increased their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $220.40.

International Business Machines Trading Up 1.5 %

Shares of IBM stock opened at $229.13 on Thursday. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The stock’s fifty day moving average price is $224.95 and its two-hundred day moving average price is $213.44. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The company has a market cap of $211.86 billion, a PE ratio of 33.35, a P/E/G ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. Equities analysts predict that International Business Machines Co. will post 10.16 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is 97.23%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.07% of the stock is owned by insiders.

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.