International Business Machines Co. (NYSE:IBM) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 41.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 139,755 shares of the technology company's stock after selling 99,414 shares during the period. Intech Investment Management LLC's holdings in International Business Machines were worth $30,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Compass Financial Services Inc acquired a new stake in shares of International Business Machines in the fourth quarter valued at $26,000. Vision Financial Markets LLC purchased a new position in International Business Machines during the 4th quarter valued at about $31,000. Avondale Wealth Management grew its position in 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 acquiring an additional 56 shares in the last quarter. Valued Wealth Advisors LLC increased its stake in International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM stock traded up $0.43 during trading hours on Friday, hitting $243.75. The stock had a trading volume of 9,566,862 shares, compared to its average volume of 3,911,206. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm has a market capitalization of $226.02 billion, a PE ratio of 38.03, a PEG ratio of 5.81 and a beta of 0.74. The stock's 50 day moving average is $246.29 and its 200 day moving average is $229.42. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45.

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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, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, research 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 announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's payout ratio is 104.21%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

IBM has been the topic of several recent research reports. Bank of America upped their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Morgan Stanley upped their price objective 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. JPMorgan Chase & Co. lifted their target price on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Jefferies Financial Group upped their price target on International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Finally, BMO Capital Markets lifted their price objective 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $231.44.

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.