Rothschild Investment LLC Purchases 241 Shares of International Business Machines Co. (NYSE:IBM)

Rothschild Investment LLC grew its position in International Business Machines Co. (NYSE:IBM) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 21,662 shares of the technology company’s stock after buying an additional 241 shares during the period. Rothschild Investment LLC’s holdings in International Business Machines were worth $4,762,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IBM. Wealthstream Advisors Inc. boosted its stake in International Business Machines by 12.1% during the fourth quarter. Wealthstream Advisors Inc. now owns 2,823 shares of the technology company’s stock worth $620,000 after acquiring an additional 304 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in International Business Machines by 3.4% during the fourth quarter. Crestwood Advisors Group LLC now owns 22,865 shares of the technology company’s stock worth $5,026,000 after acquiring an additional 749 shares in the last quarter. IFP Advisors Inc boosted its stake in International Business Machines by 7.7% during the fourth quarter. IFP Advisors Inc now owns 23,254 shares of the technology company’s stock worth $5,113,000 after acquiring an additional 1,670 shares in the last quarter. J. W. Coons Advisors LLC lifted its stake in shares of International Business Machines by 1.0% in the fourth quarter. J. W. Coons Advisors LLC now owns 19,808 shares of the technology company’s stock valued at $4,354,000 after buying an additional 197 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV lifted its stake in shares of International Business Machines by 1.0% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 9,698 shares of the technology company’s stock valued at $2,132,000 after buying an additional 96 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $261.77 on Monday. The company’s fifty day moving average price is $235.27 and its 200-day moving average price is $222.30. The firm has a market capitalization of $242.05 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. On average, equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Analyst Ratings Changes

Several research firms recently weighed in on IBM. Wedbush started coverage on shares of International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Jefferies Financial Group upped their price target on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Sanford C. Bernstein upped their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines presently 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.