Parsons Capital Management Inc. RI Has $29.47 Million Stock Position in International Business Machines Corporation $IBM

Parsons Capital Management Inc. RI reduced its stake in International Business Machines (IBM) by 3.6% in the fourth quarter, now holding 99,500 shares valued at $29.47 million, making it their 10th largest position. Despite this trim, IBM has seen insider buys totaling approximately $417,157 over the past 90 days. The company recently exceeded Q4 earnings and revenue estimates, pays a quarterly dividend, and holds a “Moderate Buy” consensus rating from analysts with an average price target of $314.60.

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