International Business Machines Co. (NYSE:IBM) Shares Sold by Vectors Research Management LLC

Vectors Research Management LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,014 shares of the technology company's stock after selling 1,439 shares during the period. International Business Machines comprises about 1.9% of Vectors Research Management LLC's investment portfolio, making the stock its 12th biggest position. Vectors Research Management LLC's holdings in International Business Machines were worth $5,499,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Treasurer of the State of North Carolina raised its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Blue Zone Wealth Advisors LLC bought a new stake in International Business Machines in the fourth quarter worth $242,000. Brady Martz Wealth Solutions LLC bought a new stake in International Business Machines in the fourth quarter worth $1,940,000. Tranquilli Financial Advisor LLC purchased a new stake in International Business Machines during the fourth quarter valued at $373,000. Finally, Truist Financial Corp lifted its position in International Business Machines by 6.5% during the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock valued at $178,296,000 after purchasing an additional 49,591 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 2.0 %

IBM traded up $4.83 during trading on Wednesday, hitting $245.73. 7,732,209 shares of the stock were exchanged, compared to its average volume of 4,247,400. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $266.45. The firm has a market cap of $227.85 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 5.81 and a beta of 0.67. The firm has a 50 day simple moving average of $246.87 and a 200 day simple moving average of $233.79. 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, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.17. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.72%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is 104.21%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research report on Wednesday. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Wedbush assumed coverage on International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating for the company. UBS Group restated a "sell" rating on shares of International Business Machines in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $276.00 price objective on shares of International Business Machines in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines has an average rating of "Hold" and an average price target of $232.75.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

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.