Focus Financial Network Inc. Boosts Holdings in International Business Machines Co. (NYSE:IBM)

Focus Financial Network Inc. boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 4.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,822 shares of the technology company’s stock after acquiring an additional 265 shares during the period. Focus Financial Network Inc.’s holdings in International Business Machines were worth $1,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of International Business Machines by 29.8% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,223 shares of the technology company’s stock worth $270,000 after buying an additional 281 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in International Business Machines during the 3rd quarter worth $218,000. Procyon Advisors LLC increased its position in shares of International Business Machines by 82.0% in the 3rd quarter. Procyon Advisors LLC now owns 6,993 shares of the technology company’s stock worth $1,546,000 after purchasing an additional 3,151 shares during the last quarter. Fiduciary Alliance LLC raised its stake in shares of International Business Machines by 59.2% in the 3rd quarter. Fiduciary Alliance LLC now owns 2,643 shares of the technology company’s stock valued at $584,000 after purchasing an additional 983 shares in the last quarter. Finally, CX Institutional lifted its position in shares of International Business Machines by 6.0% during the third quarter. CX Institutional now owns 6,982 shares of the technology company’s stock worth $1,544,000 after purchasing an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IBM shares. UBS Group increased their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Oppenheimer assumed coverage on International Business Machines in a research note on Tuesday. They set an “outperform” rating and a $320.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price 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. Morgan Stanley raised their price target 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. Two 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $231.44.

International Business Machines Trading Up 2.2 %

Shares of IBM stock opened at $254.85 on Wednesday. The firm has a market capitalization of $235.65 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The stock has a fifty day moving average of $230.19 and a two-hundred day moving average of $217.78.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping 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%. As a group, research analysts expect that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Monday, February 10th. 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.