Ieq Capital LLC Trims Stock Position in International Business Machines Co. (NYSE:IBM)

Ieq Capital LLC reduced its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 59.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,088 shares of the technology company's stock after selling 24,561 shares during the quarter. Ieq Capital LLC's holdings in International Business Machines were worth $3,757,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IBM. Holocene Advisors LP bought a new stake in International Business Machines in the third quarter valued at $573,306,000. State Street Corp boosted its stake in shares of International Business Machines by 2.2% during the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock valued at $12,307,940,000 after purchasing an additional 1,200,803 shares in the last quarter. KBC Group NV increased its position in shares of International Business Machines by 90.4% during the fourth 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. Strategic Financial Concepts LLC raised its stake in International Business Machines by 23,311.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock worth $153,262,000 after buying an additional 694,204 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in International Business Machines by 587.1% in the third quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company's stock worth $134,262,000 after buying an additional 536,785 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley increased 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. UBS Group increased their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, January 14th. StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Sanford C. Bernstein increased their price target 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. Finally, BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, International Business Machines has an average rating of "Hold" and an average target price of $231.44.

International Business Machines Stock Down 1.1 %

NYSE IBM traded down $2.97 during mid-day trading on Friday, reaching $261.77. The stock had a trading volume of 5,665,344 shares, compared to its average volume of 5,259,826. The stock has a market cap of $242.05 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. 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 company has a fifty day moving average price of $235.27 and a 200 day moving average price of $221.81.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly 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 return on equity of 38.99% and a net margin of 9.60%. On average, research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. International Business Machines's dividend payout ratio is presently 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.