LSV Asset Management Sells 260,410 Shares of International Business Machines Co. (NYSE:IBM)

LSV Asset Management lessened its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,230,584 shares of the technology company's stock after selling 260,410 shares during the quarter. LSV Asset Management owned approximately 0.13% of International Business Machines worth $270,519,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Compass Financial Services Inc acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $26,000. Vision Financial Markets LLC bought a new position in shares of International Business Machines during the fourth quarter worth about $31,000. Avondale Wealth Management increased its holdings in shares of International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after acquiring an additional 56 shares during the period. Valued Wealth Advisors LLC boosted its stake in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after purchasing an additional 90 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in International Business Machines in the 4th quarter worth about $35,000. Institutional investors own 58.96% of the company's stock.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company'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 value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

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International Business Machines Trading Up 1.0 %

IBM stock traded up $2.32 during mid-day trading on Monday, reaching $237.80. 1,134,030 shares of the stock traded hands, compared to its average volume of 4,206,143. The stock's fifty day moving average is $249.14 and its 200-day moving average is $233.02. The company has a market cap of $220.50 billion, a P/E ratio of 37.10, a P/E/G ratio of 5.81 and a beta of 0.67. The company has a current ratio of 1.04, a quick ratio of 1.00 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.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed 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 2.81%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBM. Royal Bank of Canada reaffirmed an "outperform" rating and set a $276.00 price target on shares of International Business Machines in a report on Monday. Sanford C. Bernstein increased their price target on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Oppenheimer assumed coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective on the stock. UBS Group increased their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, January 14th. Finally, Wedbush initiated coverage on shares of International Business Machines in a research note on Monday, February 3rd. They issued an "outperform" rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $232.75.

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.