Hudson Edge Investment Partners Inc. Sells 1,866 Shares of International Business Machines Co. (NYSE:IBM)

Hudson Edge Investment Partners Inc. cut its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,098 shares of the technology company's stock after selling 1,866 shares during the period. International Business Machines makes up about 1.2% of Hudson Edge Investment Partners Inc.'s holdings, making the stock its 18th biggest position. Hudson Edge Investment Partners Inc.'s holdings in International Business Machines were worth $6,616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dahring Cusmano LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $374,000. Capital Advisory Group Advisory Services LLC raised its position in International Business Machines by 8.4% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 10,106 shares of the technology company's stock valued at $2,222,000 after buying an additional 780 shares during the period. Bradley Foster & Sargent Inc. CT raised its position in International Business Machines by 3.3% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 91,274 shares of the technology company's stock valued at $20,065,000 after buying an additional 2,955 shares during the period. Physicians Financial Services Inc. raised its position in International Business Machines by 1.0% during the fourth quarter. Physicians Financial Services Inc. now owns 10,458 shares of the technology company's stock valued at $2,299,000 after buying an additional 100 shares during the period. Finally, Cassaday & Co Wealth Management LLC raised its position in International Business Machines by 9.3% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 14,296 shares of the technology company's stock valued at $3,143,000 after buying an additional 1,212 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a research report on Monday, January 27th. StockNews.com raised International Business Machines from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley upped their target price on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $231.44.

International Business Machines Stock Down 1.1 %

Shares of IBM traded down $2.97 during trading hours on Friday, hitting $261.77. 5,665,344 shares of the company were exchanged, compared to its average volume of 5,259,826. The company has a market cap of $242.05 billion, a PE ratio of 40.84, a PEG ratio of 5.81 and a beta of 0.76. The firm's 50 day moving average is $235.27 and its 200-day moving average is $221.81. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. 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 (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid 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 2.55%. 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.