OneAscent Financial Services LLC Has $877,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

OneAscent Financial Services LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,991 shares of the technology company’s stock after buying an additional 259 shares during the period. OneAscent Financial Services LLC’s holdings in International Business Machines were worth $877,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. United Bank boosted its stake in International Business Machines by 53.3% in the 3rd quarter. United Bank now owns 5,628 shares of the technology company’s stock worth $1,244,000 after purchasing an additional 1,956 shares during the period. Edgestream Partners L.P. lifted its stake in International Business Machines by 21.1% in the 3rd quarter. Edgestream Partners L.P. now owns 6,304 shares of the technology company’s stock valued at $1,394,000 after acquiring an additional 1,098 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of International Business Machines by 26.6% during the 3rd quarter. Janus Henderson Group PLC now owns 871,064 shares of the technology company’s stock worth $192,557,000 after acquiring an additional 183,141 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of International Business Machines by 28.0% in the third quarter. IHT Wealth Management LLC now owns 19,829 shares of the technology company’s stock valued at $4,375,000 after purchasing an additional 4,332 shares during the last quarter. Finally, Pinnacle Family Advisors LLC acquired a new position in International Business Machines during the third quarter worth $210,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target for the company. UBS Group boosted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted 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. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Finally, Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $231.13.

International Business Machines Trading Down 0.2 %

Shares of IBM stock opened at $249.90 on Thursday. The company has a market cap of $231.72 billion, a P/E ratio of 38.99, a PEG ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. The stock has a 50 day simple moving average of $251.05 and a two-hundred day simple moving average of $232.26. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Insider Activity

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

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.