Edmond DE Rothschild Holding S.A. Decreases Position in International Business Machines Co. (NYSE:IBM)

Edmond DE Rothschild Holding S.A. reduced its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,329 shares of the technology company's stock after selling 6,573 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in International Business Machines were worth $7,986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. United Bank lifted its position in International Business Machines by 53.3% in the 3rd quarter. United Bank now owns 5,628 shares of the technology company's stock worth $1,244,000 after buying an additional 1,956 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of International Business Machines by 21.1% during the 3rd quarter. Edgestream Partners L.P. now owns 6,304 shares of the technology company's stock worth $1,394,000 after acquiring an additional 1,098 shares during the period. Kestra Investment Management LLC bought a new position in shares of International Business Machines during the 3rd quarter worth approximately $672,000. Paloma Partners Management Co boosted its position in International Business Machines by 58.8% in the third quarter. Paloma Partners Management Co now owns 5,330 shares of the technology company's stock valued at $1,178,000 after buying an additional 1,973 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its position in International Business Machines by 2,833.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 92,145 shares of the technology company's stock worth $20,374,000 after acquiring an additional 89,004 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

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International Business Machines Stock Performance

International Business Machines stock traded down $5.69 during trading on Thursday, reaching $244.29. The company had a trading volume of 3,553,269 shares, compared to its average volume of 4,112,425. International Business Machines Co. has a 52 week low of $162.62 and a 52 week 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 market capitalization of $226.52 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 5.81 and a beta of 0.67. The firm's 50-day simple moving average is $251.05 and its 200 day simple moving average is $232.26.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on IBM shares. Sanford C. Bernstein lifted 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 report on Friday, January 3rd. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Morgan Stanley upped their price objective on International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Finally, Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $231.13.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company's stock.

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.