Rational Advisors LLC Sells 1,998 Shares of International Business Machines Co. (NYSE:IBM)

Rational Advisors LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,353 shares of the technology company’s stock after selling 1,998 shares during the quarter. Rational Advisors LLC’s holdings in International Business Machines were worth $957,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Total Investment Management Inc. increased its holdings in shares of International Business Machines by 5.1% in the fourth quarter. Total Investment Management Inc. now owns 987 shares of the technology company’s stock valued at $217,000 after purchasing an additional 48 shares during the last quarter. Americana Partners LLC boosted its holdings in shares of International Business Machines by 150.0% during the 4th quarter. Americana Partners LLC now owns 168,770 shares of the technology company’s stock worth $37,101,000 after buying an additional 101,259 shares during the period. Sierra Ocean LLC acquired a new position in International Business Machines in the 4th quarter valued at about $87,000. Pathway Financial Advisors LLC bought a new position in International Business Machines in the 4th quarter valued at about $214,000. Finally, JFS Wealth Advisors LLC lifted its position in International Business Machines by 1.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 9,964 shares of the technology company’s stock worth $2,190,000 after acquiring an additional 122 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IBM shares. BMO Capital Markets upped their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Wedbush initiated coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Jefferies Financial Group boosted their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Sanford C. Bernstein raised 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 research report on Friday, January 3rd. Finally, StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $231.44.

International Business Machines Trading Up 0.6 %

Shares of IBM opened at $260.65 on Monday. 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 Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The firm has a market cap of $241.01 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 5.57 and a beta of 0.76. The business’s fifty day moving average is $232.08 and its 200-day moving average is $219.45.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 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.