Strategic Financial Concepts LLC Buys 765 Shares of International Business Machines Co. (NYSE:IBM)

Strategic Financial Concepts LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 25.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,743 shares of the technology company’s stock after acquiring an additional 765 shares during the quarter. Strategic Financial Concepts LLC’s holdings in International Business Machines were worth $823,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IBM. Trilogy Capital Inc. acquired a new position in shares of International Business Machines in the 3rd quarter valued at approximately $203,000. Northwest Investment Counselors LLC acquired a new position in International Business Machines during the third quarter valued at approximately $96,000. Community Financial Services Group LLC bought a new stake in International Business Machines during the third quarter worth $217,000. Integrity Financial Corp WA boosted its holdings in shares of International Business Machines by 38.1% in the 3rd quarter. Integrity Financial Corp WA now owns 2,176 shares of the technology company’s stock valued at $481,000 after purchasing an additional 600 shares in the last quarter. Finally, Ledyard National Bank increased its stake in shares of International Business Machines by 10.9% in the 3rd quarter. Ledyard National Bank now owns 14,308 shares of the technology company’s stock valued at $3,163,000 after purchasing an additional 1,405 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.6 %

International Business Machines stock opened at $262.85 on Wednesday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. 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 firm has a 50 day moving average price of $232.70 and a two-hundred day moving average price of $220.14. The firm has a market cap of $243.04 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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 analysts predict that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.54%. International Business Machines’s dividend payout ratio is presently 104.21%.

Analyst Ratings Changes

IBM has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Morgan Stanley upped their price objective on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Jefferies Financial Group raised their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. UBS Group upped their price target 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. Finally, Sanford C. Bernstein boosted their price objective on 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $231.44.

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.