Nicolet Bankshares Inc. Sells 4,593 Shares of International Business Machines Co. (NYSE:IBM)

Nicolet Bankshares Inc. reduced its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 52.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,143 shares of the technology company's stock after selling 4,593 shares during the period. Nicolet Bankshares Inc.'s holdings in International Business Machines were worth $911,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of 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 worth $1,405,000 after acquiring an additional 40 shares in the last quarter. Schechter Investment Advisors LLC lifted its holdings in shares of International Business Machines by 0.7% during the 4th 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 in the last quarter. Titleist Asset Management LLC boosted its holdings in International Business Machines by 3.1% in 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 grew its holdings in International Business Machines by 2.4% during 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 in the last quarter. Finally, Marks Group Wealth Management Inc lifted its stake in shares of International Business Machines by 0.4% in the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock worth $2,292,000 after acquiring an additional 45 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

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International Business Machines Stock Up 0.7 %

Shares of NYSE IBM traded up $1.67 during midday trading on Tuesday, hitting $240.73. 3,330,888 shares of the stock traded hands, compared to its average volume of 4,211,111. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The business has a 50 day moving average price of $248.67 and a two-hundred day moving average price of $233.14. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a market cap of $223.22 billion, a PE ratio of 37.55, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating 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%. On average, equities analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.77%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IBM. Morgan Stanley boosted their price target on International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $276.00 price target on shares of International Business Machines in a research note on Monday. Oppenheimer began coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price on the stock. BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $232.75.

Insider Activity

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.