International Business Machines Co. (NYSE:IBM) Shares Sold by Ossiam

Ossiam reduced its position in International Business Machines Co. (NYSE:IBM - Free Report) by 73.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,720 shares of the technology company's stock after selling 219,850 shares during the period. Ossiam's holdings in International Business Machines were worth $17,305,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors lifted its stake in International Business Machines by 413.5% in the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after buying an additional 9,650,534 shares in the last quarter. Norges Bank purchased a new stake in shares of International Business Machines in the fourth quarter valued at $1,236,176,000. Raymond James Financial Inc. acquired a new stake in shares of International Business Machines during the fourth quarter valued at $592,746,000. Vanguard Group Inc. increased its position in International Business Machines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in International Business Machines by 26.4% in the 4th quarter. First Trust Advisors LP now owns 4,023,989 shares of the technology company's stock valued at $884,593,000 after purchasing an additional 840,064 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 1.3 %

NYSE:IBM traded up $3.23 during trading hours on Wednesday, hitting $244.13. The stock had a trading volume of 3,212,522 shares, compared to its average volume of 4,235,898. The business has a 50 day simple moving average of $246.87 and a two-hundred day simple moving average of $233.79. International Business Machines Co. has a 1-year low of $162.62 and a 1-year 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 company has a market cap of $226.37 billion, a PE ratio of 38.09, a price-to-earnings-growth 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 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 predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.74%. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Analyst Ratings Changes

IBM has been the subject of a number of recent research reports. 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 report on Friday, January 3rd. Oppenheimer began coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. UBS Group reissued a "sell" rating on shares of International Business Machines in a research note on Wednesday. Bank of America upped their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Finally, Morgan Stanley upped their price target on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $232.75.

Insider Activity at International Business Machines

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 stock was 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 $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

International Business Machines 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.