International Business Machines Co. (NYSE:IBM) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 24.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,037 shares of the technology company's stock after selling 3,888 shares during the quarter. SeaCrest Wealth Management LLC's holdings in International Business Machines were worth $2,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. raised its holdings in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company's stock valued at $29,000 after buying an additional 116 shares during the period. Hara Capital LLC acquired a new stake in International Business Machines in the third quarter valued at approximately $29,000. Avondale Wealth Management raised its stake in shares of International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after purchasing an additional 56 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of International Business Machines during the second quarter worth $36,000. Finally, Modus Advisors LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of analyst reports. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Jefferies Financial Group raised their price objective on International Business Machines from $200.00 to $245.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group raised their price target on shares of International Business Machines from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, Morgan Stanley upped their price target on shares of International Business Machines from $208.00 to $222.00 and gave the company an "equal weight" rating in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $215.81.

Insider Buying and Selling

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.07% of the company's stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $217.54 on Wednesday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The firm has a market capitalization of $201.15 billion, a PE ratio of 31.67, a P/E/G ratio of 5.18 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The business's fifty day moving average price is $222.34 and its two-hundred day moving average price is $210.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the firm posted $2.20 EPS. International Business Machines's quarterly revenue was up 1.5% compared to the same quarter last year. On average, research analysts expect that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 3.07%. International Business Machines's dividend payout ratio is presently 97.23%.

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.