Kintegral Advisory LLC Has $5.40 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Kintegral Advisory LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,583 shares of the technology company's stock after selling 1,145 shares during the period. Kintegral Advisory LLC's holdings in International Business Machines were worth $5,404,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. State Street Corp raised its holdings 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 buying an additional 1,200,803 shares during the period. FMR LLC raised its holdings in shares of International Business Machines by 6.0% during the 3rd quarter. FMR LLC now owns 5,195,933 shares of the technology company's stock valued at $1,148,717,000 after buying an additional 294,276 shares during the period. Swiss National Bank raised its holdings in shares of International Business Machines by 0.5% during the 3rd quarter. Swiss National Bank now owns 2,726,700 shares of the technology company's stock valued at $602,819,000 after buying an additional 12,400 shares during the period. Holocene Advisors LP purchased a new stake in shares of International Business Machines during the 3rd quarter valued at about $573,306,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of International Business Machines by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,473,421 shares of the technology company's stock valued at $546,824,000 after buying an additional 32,732 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IBM. Jefferies Financial Group raised their target price on International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a report on Thursday, January 30th. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a report on Monday, January 27th. Bank of America lifted their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $231.44.

International Business Machines Price Performance

Shares of IBM traded down $2.97 during mid-day trading on Friday, reaching $261.77. The company had a trading volume of 5,665,344 shares, compared to its average volume of 5,259,826. International Business Machines Co. has a twelve month low of $162.62 and a twelve month 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's 50-day moving average is $235.27 and its 200-day moving average is $221.81. The company has a market capitalization of $242.05 billion, a P/E ratio of 40.84, a P/E/G ratio of 5.81 and a beta of 0.76.

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

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.55%. International Business Machines's payout ratio is 104.21%.

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.