Investment House LLC Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

Investment House LLC decreased its position in International Business Machines Co. (NYSE:IBM) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,575 shares of the technology company’s stock after selling 100 shares during the period. Investment House LLC’s holdings in International Business Machines were worth $3,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. United Bank lifted its position in shares of International Business Machines by 53.3% during the third quarter. United Bank now owns 5,628 shares of the technology company’s stock worth $1,244,000 after acquiring an additional 1,956 shares in the last quarter. Quest Partners LLC lifted its position in shares of International Business Machines by 23,700.0% during the third quarter. Quest Partners LLC now owns 238 shares of the technology company’s stock worth $53,000 after acquiring an additional 237 shares in the last quarter. Drive Wealth Management LLC purchased a new stake in shares of International Business Machines during the third quarter worth $339,000. New England Asset Management Inc. lifted its position in shares of International Business Machines by 3.0% during the third quarter. New England Asset Management Inc. now owns 33,175 shares of the technology company’s stock worth $7,334,000 after acquiring an additional 975 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its position in shares of International Business Machines by 3.2% during the third quarter. Pathstone Holdings LLC now owns 115,093 shares of the technology company’s stock worth $25,445,000 after acquiring an additional 3,558 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on IBM shares. BMO Capital Markets increased their target price on International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Oppenheimer started coverage on shares of International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. Sanford C. Bernstein upped their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Performance

International Business Machines stock opened at $246.80 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The firm has a 50-day moving average of $245.29 and a 200-day moving average of $229.16. The firm has a market cap of $228.85 billion, a P/E ratio of 38.50, a P/E/G ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Sell-side analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.71%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

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.