PDS Planning Inc Has $1.10 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

PDS Planning Inc lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 15.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,003 shares of the technology company’s stock after buying an additional 654 shares during the quarter. PDS Planning Inc’s holdings in International Business Machines were worth $1,100,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IBM. Pettinga Financial Advisors LLC acquired a new stake in shares of International Business Machines during the 3rd quarter worth about $221,000. United Bank increased its position in International Business Machines by 53.3% during the third quarter. United Bank now owns 5,628 shares of the technology company’s stock worth $1,244,000 after acquiring an additional 1,956 shares during the period. Atlanta Consulting Group Advisors LLC increased its position in International Business Machines by 4.1% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 1,703 shares of the technology company’s stock worth $376,000 after acquiring an additional 67 shares during the period. Adero Partners LLC bought a new position in International Business Machines during the third quarter worth about $289,000. Finally, Planning Directions Inc. bought a new position in International Business Machines during the third quarter worth about $213,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of recent research reports. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday. 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. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Oppenheimer started coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $231.44.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on Monday, March 3rd. The shares were 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 $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is owned by corporate insiders.

International Business Machines Trading Up 1.9 %

IBM opened at $253.00 on Tuesday. The company’s 50 day moving average is $244.84 and its 200-day moving average is $228.85. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a market cap of $234.60 billion, a P/E ratio of 39.47, a PEG ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS 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%. Equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $1.67 per share. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.64%. International Business Machines’s dividend payout ratio 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.