Sterling Capital Management LLC Has $5.28 Million Holdings in International Business Machines Co. (NYSE:IBM)

Sterling Capital Management LLC decreased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,007 shares of the technology company's stock after selling 4,084 shares during the period. Sterling Capital Management LLC's holdings in International Business Machines were worth $5,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in International Business Machines during the fourth quarter worth approximately $1,236,176,000. Raymond James Financial Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth $592,746,000. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after buying an additional 1,539,888 shares during the period. KBC Group NV boosted its stake in International Business Machines by 90.4% during the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after buying an additional 800,930 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in International Business Machines by 23,311.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock worth $153,262,000 after acquiring an additional 694,204 shares during the period. 58.96% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms have recently weighed in on IBM. BMO Capital Markets raised their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. StockNews.com cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Oppenheimer began coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $276.00 price target on shares of International Business Machines in a report on Monday. Finally, Sanford C. Bernstein raised their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus price target of $232.75.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $1.67 during trading hours on Tuesday, hitting $240.73. 3,262,444 shares of the stock were exchanged, compared to its average volume of 4,877,795. The firm has a market capitalization 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. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company's 50 day moving average is $248.67 and its 200 day moving average is $233.14.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, research analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 annualized dividend and a dividend yield of 2.77%. International Business Machines's payout ratio is 104.21%.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the business'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 directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company's stock.

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.