Oarsman Capital Inc. Grows Stock Holdings in International Business Machines Co. (NYSE:IBM)

Oarsman Capital Inc. grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.6% during the fourth quarter, HoldingsChannel reports. The firm owned 10,455 shares of the technology company’s stock after purchasing an additional 556 shares during the quarter. Oarsman Capital Inc.’s holdings in International Business Machines were worth $2,298,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Compass Financial Services Inc acquired a new position in shares of International Business Machines during the 4th quarter valued at about $26,000. Vision Financial Markets LLC acquired a new position in International Business Machines during the fourth quarter worth approximately $31,000. Avondale Wealth Management raised its stake in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after purchasing an additional 56 shares during the period. Valued Wealth Advisors LLC boosted its holdings in shares of International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after purchasing an additional 90 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wedbush initiated coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating for the company. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets lifted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $231.13.

International Business Machines Stock Down 6.6 %

Shares of International Business Machines stock opened at $227.31 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average price of $251.46 and a 200 day moving average price of $232.41. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. The firm has a market cap of $210.78 billion, a P/E ratio of 35.46, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, sell-side analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced 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 2.94%. International Business Machines’s payout ratio is currently 104.21%.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

International Business Machines Company 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.