Arrowstreet Capital Limited Partnership Sells 75,347 Shares of International Business Machines Co. (NYSE:IBM)

Arrowstreet Capital Limited Partnership reduced its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 771,791 shares of the technology company's stock after selling 75,347 shares during the period. Arrowstreet Capital Limited Partnership owned 0.08% of International Business Machines worth $169,663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of International Business Machines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after acquiring an additional 1,539,888 shares in the last quarter. State Street Corp grew its stake in International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after purchasing an additional 1,200,803 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in International Business Machines by 1.9% in 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 purchasing an additional 126,547 shares in the last quarter. Norges Bank purchased a new position in International Business Machines during the fourth quarter valued at $1,236,176,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of International Business Machines in the 4th quarter worth about $592,746,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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International Business Machines Stock Performance

International Business Machines stock traded down $5.23 during trading on Thursday, reaching $244.75. The company had a trading volume of 2,148,563 shares, compared to its average volume of 4,107,088. The firm's 50-day simple moving average is $251.05 and its 200 day simple moving average is $232.26. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. 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 capitalization of $226.95 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. Sell-side analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.73%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the 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 completion of the sale, the senior vice president now 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 SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

IBM has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Sanford C. Bernstein boosted their price target on 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. Oppenheimer assumed coverage on International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective for the company. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. 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 company. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average price target of $231.13.

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.