Personal CFO Solutions LLC Has $1.20 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Personal CFO Solutions LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,469 shares of the technology company’s stock after buying an additional 114 shares during the quarter. Personal CFO Solutions LLC’s holdings in International Business Machines were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Strategic Equity Management acquired a new stake in shares of International Business Machines in the fourth quarter worth $230,000. Naviter Wealth LLC lifted its stake in shares of International Business Machines by 5.5% in the fourth quarter. Naviter Wealth LLC now owns 10,529 shares of the technology company’s stock worth $2,315,000 after buying an additional 552 shares during the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth $35,000. Lifeworks Advisors LLC lifted its stake in shares of International Business Machines by 10.2% in the fourth quarter. Lifeworks Advisors LLC now owns 33,326 shares of the technology company’s stock worth $7,326,000 after buying an additional 3,082 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of International Business Machines by 8.2% in the fourth quarter. Larson Financial Group LLC now owns 15,986 shares of the technology company’s stock worth $3,514,000 after buying an additional 1,209 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

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 value of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by insiders.

International Business Machines Stock Up 5.2 %

IBM opened at $261.67 on Friday. The firm’s 50-day simple moving average is $241.29 and its 200-day simple moving average is $226.41. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The firm has a market cap of $242.63 billion, a price-to-earnings ratio of 40.82, 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 earnings per share 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 anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IBM shares. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. Jefferies Financial Group upped their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price for the company. Finally, UBS Group upped their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.