Root Financial Partners LLC Makes New $245,000 Investment in International Business Machines Co. (NYSE:IBM)

Root Financial Partners LLC acquired a new stake in shares of International Business Machines Co. (NYSE:IBM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,116 shares of the technology company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Catalyst Financial Partners LLC raised its position in shares of International Business Machines by 5.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 4,818 shares of the technology company’s stock valued at $1,059,000 after buying an additional 270 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of International Business Machines during the 4th quarter valued at $36,002,000. Pathway Financial Advisers LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at $4,706,000. Investment Partners Asset Management Inc. raised its position in shares of International Business Machines by 2.5% during the 4th quarter. Investment Partners Asset Management Inc. now owns 9,092 shares of the technology company’s stock valued at $1,999,000 after buying an additional 221 shares in the last quarter. Finally, Avestar Capital LLC raised its position in shares of International Business Machines by 12.4% during the 4th quarter. Avestar Capital LLC now owns 5,173 shares of the technology company’s stock valued at $1,137,000 after buying an additional 569 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research reports. Morgan Stanley raised their price objective on shares of 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Sanford C. Bernstein increased their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus price target of $231.44.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $260.65 on Friday. The firm has a market cap of $241.01 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company’s fifty day simple moving average is $231.63 and its two-hundred day simple moving average is $218.77.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities analysts expect that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

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.