Geneos Wealth Management Inc. Has $1.76 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Geneos Wealth Management Inc. cut its holdings in International Business Machines Co. (NYSE:IBM) by 30.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,787 shares of the technology company’s stock after selling 4,765 shares during the period. Geneos Wealth Management Inc.’s holdings in International Business Machines were worth $1,764,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IBM. Cantor Fitzgerald Investment Advisor L.P boosted its holdings in International Business Machines by 97.6% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock worth $33,459,000 after purchasing an additional 127,093 shares in the last quarter. Roundview Capital LLC bought a new stake in International Business Machines in the first quarter worth $203,000. Sei Investments Co. boosted its holdings in International Business Machines by 35.7% during the first quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after acquiring an additional 46,756 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in International Business Machines by 1.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after acquiring an additional 1,821 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in International Business Machines by 1.5% during the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after acquiring an additional 5,506 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IBM. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. BMO Capital Markets upped their price target on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Societe Generale restated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Finally, Bank of America increased their target price on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $176.85.

International Business Machines Stock Performance

NYSE:IBM opened at $185.93 on Thursday. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $170.45 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 3.72 and a beta of 0.70. The firm has a 50-day moving average price of $188.75 and a 200 day moving average price of $167.13.

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

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

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.