International Business Machines Co. (NYSE:IBM) Position Trimmed by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,434 shares of the technology company’s stock after selling 50 shares during the period. Legal Advantage Investments Inc.’s holdings in International Business Machines were worth $755,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Sei Investments Co. lifted its position in shares of International Business Machines by 18.6% in the 2nd quarter. Sei Investments Co. now owns 250,229 shares of the technology company’s stock valued at $43,276,000 after acquiring an additional 39,212 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of International Business Machines during the 2nd quarter valued at $72,000. EverSource Wealth Advisors LLC raised its holdings in shares of International Business Machines by 6.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,555 shares of the technology company’s stock valued at $491,000 after purchasing an additional 150 shares in the last quarter. DRW Securities LLC bought a new position in shares of International Business Machines during the 2nd quarter valued at $1,334,000. Finally, Harmony Asset Management LLC raised its holdings in shares of International Business Machines by 57.4% during the 2nd quarter. Harmony Asset Management LLC now owns 3,684 shares of the technology company’s stock valued at $637,000 after purchasing an additional 1,343 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IBM. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Bernstein Bank raised their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group raised their target price on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. 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. Finally, BMO Capital Markets raised their price target on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average price target of $216.87.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.

International Business Machines Price Performance

Shares of IBM opened at $224.73 on Tuesday. The firm has a market capitalization of $207.80 billion, a PE ratio of 32.71, a PEG ratio of 4.81 and a beta of 0.74. The company’s 50-day moving average is $222.87 and its 200-day moving average is $211.14. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. The business had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 earnings per share. Equities analysts forecast that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio (DPR) is currently 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.