Skba Capital Management LLC Has $18.48 Million Holdings in International Business Machines Co. (NYSE:IBM)

Skba Capital Management LLC cut its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,040 shares of the technology company's stock after selling 14,455 shares during the period. International Business Machines makes up approximately 2.9% of Skba Capital Management LLC's investment portfolio, making the stock its 5th largest holding. Skba Capital Management LLC's holdings in International Business Machines were worth $18,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in shares of International Business Machines during the 4th quarter valued at about $26,000. Vision Financial Markets LLC bought a new position in International Business Machines in the fourth quarter valued at approximately $31,000. Avondale Wealth Management boosted its holdings 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 buying an additional 56 shares during the period. Valued Wealth Advisors LLC increased its position in shares of International Business Machines by 134.3% during 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 in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $35,000. 58.96% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's 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 completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

International Business Machines Stock Performance

NYSE IBM traded down $5.62 during trading on Thursday, reaching $244.36. The company's stock had a trading volume of 2,400,111 shares, compared to its average volume of 4,107,918. The firm has a market capitalization of $226.59 billion, a price-to-earnings ratio of 38.12, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 12 month low of $162.62 and a 12 month 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 firm has a 50 day moving average price of $251.05 and a 200 day moving average price of $232.26.

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

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is presently 104.21%.

Analysts Set New Price Targets

IBM has been the topic of several recent research reports. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. UBS Group boosted their target price on International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, January 14th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has an average rating of "Hold" and an average price target of $231.13.

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.