International Business Machines Co. (NYSE:IBM) Position Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 99,776 shares of the technology company’s stock after acquiring an additional 3,245 shares during the period. Avantax Advisory Services Inc.’s holdings in International Business Machines were worth $21,934,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Pettinga Financial Advisors LLC bought a new position in International Business Machines in the 3rd quarter valued at about $221,000. United Bank lifted its position in shares of International Business Machines by 53.3% in the third quarter. United Bank now owns 5,628 shares of the technology company’s stock worth $1,244,000 after purchasing an additional 1,956 shares in the last quarter. Assetmark Inc. raised its position in International Business Machines by 7.4% during the third quarter. Assetmark Inc. now owns 38,478 shares of the technology company’s stock valued at $8,507,000 after acquiring an additional 2,640 shares in the last quarter. Los Angeles Capital Management LLC raised its position in International Business Machines by 33.0% during the third quarter. Los Angeles Capital Management LLC now owns 15,326 shares of the technology company’s stock valued at $3,388,000 after acquiring an additional 3,801 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of International Business Machines in the third quarter valued at approximately $297,000. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research note on Monday, January 27th. Sanford C. Bernstein lifted 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 note on Friday, January 3rd. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Finally, Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $231.44.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on 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 sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.07% of the stock is owned by insiders.

International Business Machines Price Performance

Shares of IBM opened at $249.03 on Wednesday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company has a market capitalization of $230.92 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The business has a 50-day moving average of $242.61 and a 200-day moving average of $227.42.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

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.