3,738 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Planned Solutions Inc.

Planned Solutions Inc. purchased a new position in International Business Machines Co. (NYSE:IBM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,738 shares of the technology company’s stock, valued at approximately $611,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cornerstone Planning Group LLC purchased a new stake in International Business Machines during the second quarter valued at about $28,000. Live Oak Investment Partners purchased a new stake in International Business Machines during the fourth quarter valued at about $30,000. Briaud Financial Planning Inc purchased a new stake in International Business Machines during the third quarter valued at about $31,000. Stone House Investment Management LLC increased its position in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares during the period. Finally, Financial Gravity Asset Management Inc. increased its position in shares of International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 91 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of several analyst reports. Stifel Nicolaus upped their price target on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Jefferies Financial Group began coverage on shares of International Business Machines in a research report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective on the stock. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Sanford C. Bernstein upped their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Finally, Bank of America upped their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $176.85.

International Business Machines Stock Performance

NYSE:IBM opened at $190.80 on Thursday. The firm has a market cap of $174.91 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 3.69 and a beta of 0.70. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The business has a 50 day moving average price of $186.30 and a 200-day moving average price of $163.98.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the firm posted $3.60 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Equities research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

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.