Exencial Wealth Advisors LLC Reduces Holdings in International Business Machines Co. (NYSE:IBM)

Exencial Wealth Advisors LLC trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,277 shares of the technology company’s stock after selling 364 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in International Business Machines were worth $1,819,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI boosted its stake in International Business Machines by 130.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 480,272 shares of the technology company’s stock worth $105,578,000 after buying an additional 271,718 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in International Business Machines by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company’s stock worth $1,465,223,000 after buying an additional 126,547 shares during the last quarter. Tacita Capital Inc boosted its stake in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after buying an additional 122 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in International Business Machines by 25.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 126,734 shares of the technology company’s stock worth $27,860,000 after buying an additional 25,457 shares during the last quarter. Finally, Schechter Investment Advisors LLC boosted its stake in International Business Machines by 0.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company’s stock worth $1,396,000 after buying an additional 43 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their price target on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, UBS Group upped their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Price Performance

IBM opened at $253.07 on Wednesday. The stock’s 50-day moving average price is $239.50 and its 200 day moving average price is $225.40. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a market cap of $234.66 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 5.81 and a beta of 0.74.

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

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.64%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

International Business Machines Company 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.