Socha Financial Group LLC Increases Stock Holdings in International Business Machines Co. (NYSE:IBM)

Socha Financial Group LLC increased its stake in International Business Machines Co. (NYSE:IBM) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,468 shares of the technology company’s stock after purchasing an additional 50 shares during the quarter. International Business Machines comprises about 2.1% of Socha Financial Group LLC’s holdings, making the stock its 7th largest position. Socha Financial Group LLC’s holdings in International Business Machines were worth $4,499,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of International Business Machines by 40.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $1,940,000. Tranquilli Financial Advisor LLC purchased a new position in International Business Machines in the 4th quarter worth about $373,000. Philip James Wealth Mangement LLC bought a new stake in International Business Machines in the 3rd quarter worth approximately $5,117,000. Finally, Nordea Investment Management AB boosted its position in International Business Machines by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after purchasing an additional 4,625 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 3.8 %

Shares of IBM stock opened at $253.30 on Friday. The business’s 50 day moving average is $228.73 and its two-hundred day moving average is $216.19. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $234.21 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 5.63 and a beta of 0.76.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) 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%. Equities analysts forecast that International Business Machines Co. will post 10.73 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. International Business Machines’s payout ratio is currently 104.21%.

Analysts Set New Price Targets

IBM has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Sanford C. Bernstein upped their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Morgan Stanley lifted their target price on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Bank of America upped their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $225.53.

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.