Advyzon Investment Management LLC Takes Position in International Business Machines Co. (NYSE:IBM)

Advyzon Investment Management LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,493 shares of the technology company’s stock, valued at approximately $328,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Handelsbanken Fonder AB grew its position in shares of International Business Machines by 13.8% during the fourth quarter. Handelsbanken Fonder AB now owns 355,742 shares of the technology company’s stock valued at $78,203,000 after purchasing an additional 43,107 shares in the last quarter. Corps Capital Advisors LLC bought a new position in International Business Machines during the fourth quarter valued at approximately $1,275,000. Private Advisor Group LLC grew its holdings in International Business Machines by 73.7% during the 4th quarter. Private Advisor Group LLC now owns 288,856 shares of the technology company’s stock valued at $63,499,000 after buying an additional 122,600 shares in the last quarter. Pegasus Asset Management Inc. increased its stake in International Business Machines by 6.1% in the 4th quarter. Pegasus Asset Management Inc. now owns 2,667 shares of the technology company’s stock worth $586,000 after acquiring an additional 153 shares during the last quarter. Finally, Laidlaw Wealth Management LLC raised its holdings in shares of International Business Machines by 2.7% during the 4th quarter. Laidlaw Wealth Management LLC now owns 3,539 shares of the technology company’s stock worth $778,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.2 %

Shares of IBM opened at $264.85 on Friday. The firm has a fifty day moving average price of $234.65 and a 200-day moving average price of $221.26. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $244.89 billion, a P/E ratio of 41.32, a P/E/G ratio of 5.77 and a beta of 0.76. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that International Business Machines Co. will post 10.77 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 yield of 2.52%. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. BMO Capital Markets boosted their price objective on 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. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $231.44.

About International Business Machines

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.