Wealthquest Corp Invests $731,000 in International Business Machines Corporation $IBM

Wealthquest Corp acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,468 shares of the technology company’s stock, valued at approximately $731,000.

Several other hedge funds have also added to or reduced their stakes in IBM. Family CFO Inc acquired a new position in International Business Machines in the fourth quarter valued at about $25,000. Joseph Group Capital Management bought a new position in shares of International Business Machines during the 4th quarter valued at about $28,000. SWAN Capital LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at approximately $28,000. DecisionPoint Financial LLC grew its position in shares of International Business Machines by 1,666.7% in the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new stake in International Business Machines during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling

In other International Business Machines news, Director Michael Miebach acquired 434 shares of International Business Machines stock in a transaction dated Wednesday, February 25th. The stock was bought at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the purchase, the director directly owned 434 shares in the company, valued at approximately $101,265.22. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IBM. Jefferies Financial Group cut their price target on shares of International Business Machines from $370.00 to $320.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Stifel Nicolaus set a $290.00 price objective on shares of International Business Machines in a research report on Friday. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective on the stock in a report on Friday, April 24th. Royal Bank Of Canada reduced their target price on shares of International Business Machines from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Finally, Morgan Stanley increased their target price on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.41.

International Business Machines Trading Up 0.0%

NYSE:IBM opened at $253.88 on Monday. The company has a market cap of $238.62 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $324.90. The business has a 50 day moving average price of $238.70 and a two-hundred day moving average price of $272.21. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts expect that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 8th. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM and the U.S. Commerce Department announced a plan to launch America’s first purpose-built quantum foundry, with IBM set to receive the largest share of federal support and contribute matching capital. IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award
• Positive Sentiment: Analysts and media reports say the quantum funding package is a major new catalyst for IBM, helping drive strong share-price momentum and lifting sentiment around the stock’s long-term growth prospects. IBM shares extend rally as Wedbush calls US quantum investment a “new catalyst”
• Positive Sentiment: IBM’s push into quantum computing and related hot tech segments is being viewed as evidence the company is expanding beyond legacy businesses into higher-growth opportunities. Why IBM Stock Was Rocking it This Week
• Neutral Sentiment: Some coverage highlights that IBM’s valuation, debt load, and execution risk will matter as the company commits capital to the quantum foundry project. IBM’s US$1b Anderon Quantum Foundry Puts Valuation And Debt In Focus

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.