Sei Investments Co. Sells 10,561 Shares of International Business Machines Co. (NYSE:IBM)

Sei Investments Co. decreased its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,370 shares of the technology company's stock after selling 10,561 shares during the period. Sei Investments Co.'s holdings in International Business Machines were worth $64,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of IBM. Compass Financial Services Inc bought a new stake in International Business Machines during the fourth quarter valued at about $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines during the fourth quarter valued at about $31,000. Avondale Wealth Management lifted its position in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Valued Wealth Advisors LLC boosted its stake in shares of International Business Machines by 134.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after acquiring an additional 90 shares during the period. Finally, Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth about $35,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IBM shares. Bank of America boosted their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Jefferies Financial Group boosted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Finally, Wedbush assumed coverage on International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued 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 presently has an average rating of "Hold" and a consensus target price of $231.44.

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International Business Machines Trading Up 0.3 %

IBM traded up $0.78 during trading on Tuesday, reaching $249.23. The company had a trading volume of 1,746,391 shares, compared to its average volume of 3,901,451. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The stock has a market cap of $231.10 billion, a P/E ratio of 38.88, a PEG ratio of 5.81 and a beta of 0.74. The business has a 50 day simple moving average of $247.40 and a 200-day simple moving average of $230.42.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly 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 fiscal year.

International Business Machines Dividend Announcement

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. This represents a $6.68 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio is presently 104.21%.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction on 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

International Business Machines Company 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.