International Business Machines Co. (NYSE:IBM) Shares Sold by Waterloo Capital L.P.

Waterloo Capital L.P. trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 26.3% in the fourth quarter, Holdings Channel reports. The fund owned 4,260 shares of the technology company’s stock after selling 1,518 shares during the period. Waterloo Capital L.P.’s holdings in International Business Machines were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Titleist Asset Management LLC lifted its holdings in shares of International Business Machines by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock worth $315,000 after purchasing an additional 43 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of International Business Machines by 8.5% in the 4th quarter. Quadrant Capital Group LLC now owns 7,279 shares of the technology company’s stock worth $1,600,000 after acquiring an additional 571 shares during the period. Mirabaud Asset Management Ltd boosted its holdings in shares of International Business Machines by 44.5% in the fourth quarter. Mirabaud Asset Management Ltd now owns 5,296 shares of the technology company’s stock valued at $1,166,000 after acquiring an additional 1,632 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co increased its stake in shares of International Business Machines by 35.0% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 77,168 shares of the technology company’s stock worth $16,964,000 after acquiring an additional 20,000 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in International Business Machines by 9.2% during the fourth quarter. Wedbush Securities Inc. now owns 58,791 shares of the technology company’s stock worth $12,924,000 after purchasing an additional 4,934 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Down 6.6 %

IBM opened at $227.31 on Monday. The firm has a market cap of $210.78 billion, a P/E ratio of 35.46, a PEG ratio of 5.81 and a beta of 0.67. The business’s fifty day simple moving average is $251.46 and its 200 day simple moving average is $232.66. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

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

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Monday, February 10th. International Business Machines’s dividend payout ratio is presently 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 dated 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 sale, the senior vice president now directly owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BMO Capital Markets boosted 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. Wedbush assumed coverage on International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price for the company. Bank of America upped their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average price target of $231.13.

About International Business Machines

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.