Foundry Partners LLC reduced its position in International Business Machines Co. (NYSE:IBM - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,136 shares of the technology company's stock after selling 1,674 shares during the quarter. International Business Machines comprises about 1.3% of Foundry Partners LLC's portfolio, making the stock its 13th largest position. Foundry Partners LLC's holdings in International Business Machines were worth $26,409,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. JBR Co Financial Management Inc raised its position in International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after purchasing an additional 40 shares during the period. Schechter Investment Advisors LLC boosted its holdings in shares of International Business Machines by 0.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after buying an additional 43 shares in the last quarter. Callan Capital LLC boosted its position in shares of International Business Machines by 2.4% in the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock valued at $411,000 after purchasing an additional 44 shares during the period. Marks Group Wealth Management Inc increased its position in International Business Machines by 0.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock valued at $2,292,000 after acquiring an additional 45 shares during the period. Finally, Tower Wealth Partners Inc. lifted its stake in shares of International Business Machines by 1.9% in the 4th quarter. Tower Wealth Partners Inc. now owns 2,376 shares of the technology company's stock worth $522,000 after acquiring an additional 45 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.
International Business Machines Trading Down 6.6 %
International Business Machines stock traded down $16.18 during mid-day trading on Friday, hitting $227.31. 7,402,799 shares of the stock were exchanged, compared to its average volume of 4,141,809. The firm's fifty day simple moving average is $251.46 and its two-hundred day simple moving average is $232.41. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $210.78 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 5.81 and a beta of 0.67.
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%. Analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.
International Business Machines Announces Dividend
The firm also recently declared 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 2.94%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.
Analyst Ratings Changes
IBM has been the subject of a number of analyst reports. Wedbush started coverage on International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating for the company. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Bank of America lifted their price target on International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. 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. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $231.13.
Get Our Latest Stock Analysis on International Business Machines
Insiders Place Their Bets
In other news, SVP Robert David Thomas sold 26,543 shares of the firm's stock in a transaction 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 sale, 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 can be accessed through this link. Company insiders own 0.18% of the company's stock.
About International Business Machines
(
Free Report)
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.
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