Sandy Spring Bank Increases Stock Holdings in International Business Machines Co. (NYSE:IBM)

Sandy Spring Bank increased its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,523 shares of the technology company's stock after acquiring an additional 2,542 shares during the period. Sandy Spring Bank's holdings in International Business Machines were worth $2,973,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IBM. Royal London Asset Management Ltd. boosted its holdings in International Business Machines by 0.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 403,350 shares of the technology company's stock valued at $88,668,000 after purchasing an additional 3,354 shares in the last quarter. L.K. Benson & Company P.C. acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $638,000. First Financial Bankshares Inc acquired a new position in shares of International Business Machines in the 4th quarter valued at $252,000. Generali Investments Management Co LLC bought a new position in International Business Machines during the fourth quarter worth about $705,000. Finally, GM Advisory Group LLC grew its holdings in International Business Machines by 2.2% during the fourth quarter. GM Advisory Group LLC now owns 5,329 shares of the technology company's stock valued at $1,172,000 after purchasing an additional 115 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of IBM stock traded up $4.62 on Monday, hitting $248.49. 4,752,377 shares of the stock traded hands, compared to its average volume of 3,904,108. The firm has a market cap of $230.42 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 5.81 and a beta of 0.74. 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 50 day simple moving average of $246.77 and a two-hundred day simple moving average of $230.09. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45.

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International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts' consensus estimates 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, equities research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a dividend of $1.67 per share. 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 2.69%. International Business Machines's dividend payout ratio is 104.21%.

Analyst Ratings Changes

A number of research firms have issued reports on IBM. Sanford C. Bernstein lifted their price target on 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. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Jefferies Financial Group boosted their price target on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. UBS Group boosted their price target on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley raised their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of "Hold" and a consensus target price of $231.44.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.