International Business Machines Co. (NYSE:IBM) Stake Lessened by Advisory Services Network LLC

Advisory Services Network LLC trimmed its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,990 shares of the technology company's stock after selling 4,678 shares during the period. Advisory Services Network LLC's holdings in International Business Machines were worth $16,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IBM. Norges Bank acquired a new stake in shares of International Business Machines during the fourth quarter worth about $1,236,176,000. Raymond James Financial Inc. purchased a new stake in International Business Machines during the 4th quarter worth approximately $592,746,000. Vanguard Group Inc. lifted its holdings in International Business Machines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after buying an additional 1,539,888 shares in the last quarter. KBC Group NV boosted its position in International Business Machines by 90.4% in the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after buying an additional 800,930 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in shares of International Business Machines by 23,311.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock worth $153,262,000 after acquiring an additional 694,204 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company's stock.

International Business Machines Trading Up 2.6 %

NYSE:IBM traded up $5.94 on Friday, hitting $235.49. 4,324,754 shares of the stock were exchanged, compared to its average volume of 4,215,521. The stock has a fifty day moving average of $249.14 and a 200-day moving average of $232.95. The stock has a market cap of $218.37 billion, a PE ratio of 36.74, a PEG ratio of 5.81 and a beta of 0.67. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45.

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

International Business Machines Announces Dividend

The company also recently disclosed 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 was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.84%. International Business Machines's dividend payout ratio is currently 104.21%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IBM. Wedbush initiated coverage on International Business Machines in a report on Monday, February 3rd. They set an "outperform" rating on the stock. UBS Group raised their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, January 14th. Bank of America boosted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein boosted their target price on shares of International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus price target of $231.13.

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.