Foster Group Inc. Has $445,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

Foster Group Inc. grew its stake in International Business Machines Co. (NYSE:IBM) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,025 shares of the technology company’s stock after buying an additional 48 shares during the quarter. Foster Group Inc.’s holdings in International Business Machines were worth $445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Magnolia Capital Advisors LLC acquired a new position in International Business Machines during the second quarter valued at approximately $520,000. Northwestern Mutual Wealth Management Co. lifted its stake in International Business Machines by 2.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 93,058 shares of the technology company’s stock valued at $16,095,000 after acquiring an additional 2,001 shares during the last quarter. Regal Investment Advisors LLC increased its stake in shares of International Business Machines by 2.1% during the 2nd quarter. Regal Investment Advisors LLC now owns 18,938 shares of the technology company’s stock worth $3,275,000 after purchasing an additional 393 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of International Business Machines by 11.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 31,481 shares of the technology company’s stock valued at $5,445,000 after purchasing an additional 3,208 shares during the period. Finally, Advisory Alpha LLC lifted its stake in International Business Machines by 0.8% in the 2nd quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock valued at $1,340,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.5 %

Shares of NYSE:IBM opened at $225.34 on Wednesday. The stock has a market cap of $208.36 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 4.78 and a beta of 0.74. The business’s 50 day moving average is $224.65 and its 200 day moving average is $213.14. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Bank of America boosted their price target on International Business Machines from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a research note on Wednesday, October 2nd. Morgan Stanley cut their price objective on shares of International Business Machines from $222.00 to $217.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, BMO Capital Markets upped their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $220.40.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.07% of the stock is currently owned by corporate insiders.

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.