Prosperitas Financial LLC Buys 95 Shares of International Business Machines Co. (NYSE:IBM)

Prosperitas Financial LLC increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,242 shares of the technology company’s stock after buying an additional 95 shares during the quarter. Prosperitas Financial LLC’s holdings in International Business Machines were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. QRG Capital Management Inc. lifted its position in shares of International Business Machines by 7.5% during the 4th quarter. QRG Capital Management Inc. now owns 150,652 shares of the technology company’s stock worth $33,118,000 after buying an additional 10,467 shares during the period. Versor Investments LP bought a new position in International Business Machines in the 4th quarter valued at $704,000. Proficio Capital Partners LLC raised its position in International Business Machines by 39,801.6% in the 4th quarter. Proficio Capital Partners LLC now owns 590,543 shares of the technology company’s stock valued at $129,819,000 after purchasing an additional 589,063 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in International Business Machines by 7.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 76,601 shares of the technology company’s stock valued at $16,839,000 after purchasing an additional 5,575 shares during the last quarter. Finally, WT Wealth Management bought a new position in International Business Machines in the 4th quarter valued at $230,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.0 %

Shares of International Business Machines stock opened at $253.24 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. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The business has a fifty day simple moving average of $237.78 and a 200 day simple moving average of $223.69. The stock has a market cap of $234.16 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS 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%. Research analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. International Business Machines’s payout ratio is 104.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on IBM shares. The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Morgan Stanley lifted their price objective on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group lifted their target price on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $231.44.

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.