Financial Management Network Inc. Purchases 96 Shares of International Business Machines Co. (NYSE:IBM)

Financial Management Network Inc. grew its position in shares of International Business Machines Co. (NYSE:IBM) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,194 shares of the technology company’s stock after purchasing an additional 96 shares during the period. Financial Management Network Inc.’s holdings in International Business Machines were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in International Business Machines by 2.2% during the third quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock worth $12,307,940,000 after purchasing an additional 1,200,803 shares during the last quarter. FMR LLC lifted its stake in International Business Machines by 6.0% during the third quarter. FMR LLC now owns 5,195,933 shares of the technology company’s stock worth $1,148,717,000 after purchasing an additional 294,276 shares during the last quarter. Swiss National Bank lifted its stake in International Business Machines by 0.5% during the third quarter. Swiss National Bank now owns 2,726,700 shares of the technology company’s stock worth $602,819,000 after purchasing an additional 12,400 shares during the last quarter. International Assets Investment Management LLC lifted its stake in International Business Machines by 20,324.5% during the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock worth $600,373,000 after purchasing an additional 2,702,340 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in International Business Machines during the third quarter worth about $573,306,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.6 %

Shares of NYSE:IBM opened at $262.85 on Wednesday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The company has a market cap of $243.04 billion, a PE ratio of 41.01, a P/E/G ratio of 5.73 and a beta of 0.76. 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 stock’s 50-day moving average is $233.32 and its 200 day moving average is $220.66.

International Business Machines (NYSE:IBM) last posted 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%. Sell-side analysts anticipate that International Business Machines Co. will post 10.77 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. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.54%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analyst Ratings Changes

Several equities research analysts have issued reports on IBM shares. Wedbush assumed coverage on International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating for the company. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Morgan Stanley lifted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein lifted their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price 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.