9,612 Shares in International Business Machines Corporation $IBM Acquired by Pathfinder Wealth Consulting Inc.

Pathfinder Wealth Consulting Inc. purchased a new position in shares of International Business Machines Corporation (NYSE:IBM) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 9,612 shares of the technology company’s stock, valued at approximately $2,847,000. International Business Machines makes up about 1.8% of Pathfinder Wealth Consulting Inc.’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of IBM. Family CFO Inc bought a new stake in shares of International Business Machines during the fourth quarter worth approximately $25,000. Joseph Group Capital Management bought a new stake in shares of International Business Machines during the fourth quarter worth approximately $28,000. SWAN Capital LLC bought a new stake in shares of International Business Machines during the third quarter worth approximately $28,000. DecisionPoint Financial LLC raised its stake in shares of International Business Machines by 1,666.7% during the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of International Business Machines during the fourth quarter worth approximately $31,000. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on IBM. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target for the company in a research note on Friday, April 24th. Citigroup assumed coverage on shares of International Business Machines in a research note on Friday, April 10th. They set a “buy” rating and a $285.00 price target for the company. Jefferies Financial Group decreased their price objective on shares of International Business Machines from $370.00 to $320.00 and set a “buy” rating for the company in a report on Monday, April 20th. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada decreased their price objective on shares of International Business Machines from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $294.41.

Insider Buying and Selling at International Business Machines

In related news, Director Michael Miebach purchased 434 shares of International Business Machines stock in a transaction dated Wednesday, February 25th. The stock was bought at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the acquisition, the director directly owned 434 shares of the company’s stock, valued at $101,265.22. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

International Business Machines Stock Up 0.4%

Shares of NYSE IBM opened at $253.88 on Friday. The stock has a market cap of $238.62 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.63 and a beta of 0.58. The firm has a 50 day moving average price of $238.70 and a 200 day moving average price of $272.44. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $324.90.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 earnings per share. Analysts expect that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. International Business Machines’s dividend payout ratio is currently 59.77%.

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM and the U.S. Commerce Department announced a plan to launch America’s first purpose-built quantum foundry, with IBM set to receive the largest share of federal support and contribute matching capital. IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award
• Positive Sentiment: Analysts and media reports say the quantum funding package is a major new catalyst for IBM, helping drive strong share-price momentum and lifting sentiment around the stock’s long-term growth prospects. IBM shares extend rally as Wedbush calls US quantum investment a “new catalyst”
• Positive Sentiment: IBM’s push into quantum computing and related hot tech segments is being viewed as evidence the company is expanding beyond legacy businesses into higher-growth opportunities. Why IBM Stock Was Rocking it This Week
• Neutral Sentiment: Some coverage highlights that IBM’s valuation, debt load, and execution risk will matter as the company commits capital to the quantum foundry project. IBM’s US$1b Anderon Quantum Foundry Puts Valuation And Debt In Focus

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.