Main Street Financial Solutions LLC Sells 4,580 Shares of International Business Machines Co. (NYSE:IBM)

Main Street Financial Solutions LLC cut its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,657 shares of the technology company's stock after selling 4,580 shares during the period. Main Street Financial Solutions LLC's holdings in International Business Machines were worth $1,244,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of IBM. JBR Co Financial Management Inc grew its holdings in shares of International Business Machines by 0.6% during the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after purchasing an additional 40 shares during the last quarter. Schechter Investment Advisors LLC boosted its stake in International Business Machines by 0.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after acquiring an additional 43 shares during the last quarter. Titleist Asset Management LLC grew its holdings in International Business Machines by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after acquiring an additional 43 shares during the period. Callan Capital LLC lifted its stake 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. Finally, Marks Group Wealth Management Inc boosted its position in shares of 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 worth $2,292,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Down 0.1 %

Shares of NYSE IBM traded down $0.12 during trading on Friday, reaching $238.45. The company had a trading volume of 4,626,569 shares, compared to its average volume of 4,227,391. 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 cap of $221.10 billion, a P/E ratio of 37.20, a PEG ratio of 5.81 and a beta of 0.67. The company's fifty day moving average price is $247.61 and its 200-day moving average price is $233.49.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current 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 paid a $1.67 dividend. The ex-dividend date was Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.80%. International Business Machines's dividend payout ratio is presently 104.21%.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the 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 transaction, the senior vice president now owns 45,007 shares of the company's stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on IBM shares. StockNews.com lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Bank of America boosted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Oppenheimer assumed coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective on the stock. Finally, Jefferies Financial Group dropped their price target on International Business Machines from $270.00 to $265.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued 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 an average target price of $232.75.

About International Business Machines

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.