Bremer Bank National Association Reduces Stock Position in International Business Machines Co. (NYSE:IBM)

Bremer Bank National Association cut its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,997 shares of the technology company's stock after selling 1,338 shares during the quarter. Bremer Bank National Association's holdings in International Business Machines were worth $5,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in shares of International Business Machines by 18.6% in the 2nd quarter. Sei Investments Co. now owns 250,229 shares of the technology company's stock worth $43,276,000 after purchasing an additional 39,212 shares during the period. Summit Trail Advisors LLC raised its position in International Business Machines by 11.9% in the second quarter. Summit Trail Advisors LLC now owns 7,924 shares of the technology company's stock worth $1,370,000 after acquiring an additional 843 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of International Business Machines by 17.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 134,248 shares of the technology company's stock worth $23,218,000 after acquiring an additional 20,412 shares during the last quarter. Ensign Peak Advisors Inc grew its position in shares of International Business Machines by 1.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 475,544 shares of the technology company's stock valued at $82,245,000 after acquiring an additional 6,830 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in International Business Machines by 7.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 156,361 shares of the technology company's stock worth $27,043,000 after purchasing an additional 10,330 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBM has been the subject of several recent research reports. Bernstein Bank boosted their price target on International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, October 3rd. BMO Capital Markets increased their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a report on Thursday, October 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a report on Thursday, October 24th. Jefferies Financial Group increased their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research note on Monday, October 21st. Finally, Morgan Stanley lifted their target price on shares of International Business Machines from $208.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $216.87.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by insiders.

International Business Machines Price Performance

NYSE IBM traded up $2.07 during trading on Monday, hitting $224.73. 5,481,686 shares of the stock traded hands, compared to its average volume of 2,994,162. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The firm has a 50-day simple moving average of $222.87 and a 200-day simple moving average of $211.14. The company has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. During the same quarter in the previous year, the business posted $2.20 earnings per share. International Business Machines's quarterly revenue was up 1.5% on a year-over-year basis. As a group, analysts predict that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a $1.67 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.97%. International Business Machines's dividend payout ratio is currently 97.23%.

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.