Stephens Consulting LLC Sells 177 Shares of International Business Machines Co. (NYSE:IBM)

Stephens Consulting LLC trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,825 shares of the technology company’s stock after selling 177 shares during the period. Stephens Consulting LLC’s holdings in International Business Machines were worth $841,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IBM. Czech National Bank grew its holdings in shares of International Business Machines by 7.2% during the third quarter. Czech National Bank now owns 187,647 shares of the technology company’s stock valued at $41,485,000 after buying an additional 12,599 shares during the last quarter. GAMMA Investing LLC boosted its stake in International Business Machines by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 13,551 shares of the technology company’s stock valued at $2,996,000 after purchasing an additional 4,181 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of International Business Machines by 3.4% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 11,827 shares of the technology company’s stock worth $2,615,000 after purchasing an additional 384 shares in the last quarter. Everpar Advisors LLC lifted its holdings in shares of International Business Machines by 19.6% during the third quarter. Everpar Advisors LLC now owns 1,452 shares of the technology company’s stock valued at $321,000 after purchasing an additional 238 shares in the last quarter. Finally, Consilio Wealth Advisors LLC bought a new position in International Business Machines during the 3rd quarter valued at about $218,000. 58.96% of the stock is owned by institutional investors.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $260.84 on Tuesday. The business’s 50 day moving average price is $226.61 and its 200-day moving average price is $214.76. The company has a market cap of $241.19 billion, a P/E ratio of 40.69, a P/E/G ratio of 5.63 and a beta of 0.76. 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 Co. has a fifty-two week low of $162.62 and a fifty-two week high of $262.06.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data 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%. Sell-side analysts predict that International Business Machines Co. will post 10.73 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on IBM shares. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Bank of America raised their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Stifel Nicolaus upped their price objective on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $225.53.

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.