International Business Machines Co. (NYSE:IBM) Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC reduced its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 93.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600 shares of the technology company's stock after selling 8,800 shares during the quarter. Paradigm Asset Management Co. LLC's holdings in International Business Machines were worth $132,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its stake in International Business Machines by 40.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company's stock worth $126,000 after acquiring an additional 166 shares in the last quarter. Blue Zone Wealth Advisors LLC acquired a new stake in International Business Machines during the 4th quarter worth $242,000. Brady Martz Wealth Solutions LLC purchased a new position in International Business Machines during the 4th quarter worth $1,940,000. Tranquilli Financial Advisor LLC purchased a new position in International Business Machines during the 4th quarter worth $373,000. Finally, Philip James Wealth Mangement LLC purchased a new position in International Business Machines during the 3rd quarter worth $5,117,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

IBM stock traded down $2.97 during trading on Friday, reaching $261.77. 5,665,344 shares of the company were exchanged, compared to its average volume of 5,259,826. The company has a market cap of $242.05 billion, a P/E ratio of 40.84, a PEG ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The stock's 50 day moving average price is $235.27 and its 200 day moving average price is $221.81. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last released 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, analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines's payout ratio is currently 104.21%.

Analysts Set New Price Targets

Several research analysts have issued reports on IBM shares. Wedbush started coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating on the stock. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. Finally, Jefferies Financial Group lifted their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $231.44.

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.