Intellectus Partners LLC Has $670,000 Position in International Business Machines Co. (NYSE:IBM)

Intellectus Partners LLC trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 38.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,048 shares of the technology company's stock after selling 1,905 shares during the period. Intellectus Partners LLC's holdings in International Business Machines were worth $670,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in shares of International Business Machines by 2.2% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position in International Business Machines by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock valued at $1,465,223,000 after purchasing an additional 126,547 shares during the period. FMR LLC grew its stake in International Business Machines by 6.0% during the 3rd quarter. FMR LLC now owns 5,195,933 shares of the technology company's stock worth $1,148,717,000 after buying an additional 294,276 shares during the last quarter. Swiss National Bank increased its position in International Business Machines by 0.5% in the third quarter. Swiss National Bank now owns 2,726,700 shares of the technology company's stock worth $602,819,000 after buying an additional 12,400 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in International Business Machines in the fourth quarter valued at $592,746,000. 58.96% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America increased their price objective 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. StockNews.com upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Friday. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Morgan Stanley lifted their target price on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Finally, UBS Group increased their price target on International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $231.44.

International Business Machines Price Performance

Shares of NYSE IBM traded down $7.87 during midday trading on Tuesday, reaching $249.03. The company's stock had a trading volume of 5,629,213 shares, compared to its average volume of 3,920,243. The company has a market cap of $230.92 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a 50 day moving average price of $242.61 and a 200 day moving average price of $227.42.

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

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.68%. International Business Machines's dividend payout ratio is currently 104.21%.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on 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 approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company's stock.

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.