Catalyst Financial Partners LLC Has $517,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

Catalyst Financial Partners LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 26.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,161 shares of the technology company’s stock after purchasing an additional 659 shares during the quarter. Catalyst Financial Partners LLC’s holdings in International Business Machines were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. WESPAC Advisors LLC bought a new position in International Business Machines during the 3rd quarter worth approximately $204,000. Cambridge Trust Co. grew its holdings in shares of International Business Machines by 0.9% in the 3rd quarter. Cambridge Trust Co. now owns 13,515 shares of the technology company’s stock valued at $1,896,000 after buying an additional 120 shares during the period. Washington Capital Management Inc. bought a new stake in shares of International Business Machines in the 3rd quarter valued at $955,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of International Business Machines by 19.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 485,616 shares of the technology company’s stock valued at $68,141,000 after buying an additional 78,990 shares in the last quarter. Finally, Kanawha Capital Management LLC raised its stake in International Business Machines by 1.5% during the 3rd quarter. Kanawha Capital Management LLC now owns 56,422 shares of the technology company’s stock worth $7,916,000 after buying an additional 822 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM stock traded down $3.60 during trading on Thursday, reaching $166.30. 4,266,007 shares of the company’s stock were exchanged, compared to its average volume of 4,926,219. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The firm’s fifty day moving average price is $184.80 and its 200-day moving average price is $171.86. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $152.76 billion, a PE ratio of 18.83, a PEG ratio of 4.08 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 earnings per share. As a group, sell-side analysts anticipate that International Business Machines Co. will post 9.92 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 4.02%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on IBM shares. Bank of America increased their price target on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Jefferies Financial Group dropped their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Morgan Stanley cut their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research note on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $181.29.

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.