Qtron Investments LLC Sells 2,413 Shares of International Business Machines Co. (NYSE:IBM)

Qtron Investments LLC reduced its position in International Business Machines Co. (NYSE:IBM - Free Report) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,408 shares of the technology company's stock after selling 2,413 shares during the quarter. Qtron Investments LLC's holdings in International Business Machines were worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity 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 stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

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International Business Machines Price Performance

IBM stock traded up $1.67 during trading hours 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 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 $223.22 billion, a P/E ratio of 37.55, a P/E/G ratio of 5.81 and a beta of 0.67. The stock has a 50-day simple moving average of $248.67 and a 200 day simple moving average of $233.14.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. Equities analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $276.00 price objective on shares of International Business Machines in a report on Monday. Finally, Jefferies Financial Group reduced their target price on International Business Machines from $270.00 to $265.00 and set a "hold" rating on the stock in a report on Monday, March 31st. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $232.75.

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.