International Business Machines Co. (NYSE:IBM) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,807 shares of the technology company's stock after selling 6,930 shares during the period. Franklin Street Advisors Inc. NC's holdings in International Business Machines were worth $13,147,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. boosted its holdings in shares of International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC bought a new stake in shares of International Business Machines in the 3rd quarter valued at about $29,000. Avondale Wealth Management boosted its holdings in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after buying an additional 56 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of International Business Machines in the 2nd quarter valued at about $36,000. Finally, Modus Advisors LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Buying and Selling

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's 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 sale, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This represents 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 owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on IBM. The Goldman Sachs Group lifted their target price on shares of International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. BMO Capital Markets lifted 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 research note on Thursday, October 24th. Sanford C. Bernstein lifted their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Jefferies Financial Group lifted their price objective on shares of International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Finally, Morgan Stanley lifted their price objective 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $214.88.

International Business Machines Price Performance

NYSE IBM traded down $3.78 on Friday, hitting $219.40. The company had a trading volume of 3,570,079 shares, compared to its average volume of 3,131,566. The company has a market capitalization of $202.87 billion, a PE ratio of 31.94, a PEG ratio of 5.18 and a beta of 0.74. The company's fifty day moving average price is $221.70 and its 200-day moving average price is $208.69. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. International Business Machines Co. has a 12-month low of $160.29 and a 12-month high of $239.35.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 EPS. As a group, analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's payout ratio is presently 97.23%.

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.