Smith Anglin Financial LLC Decreases Stake in International Business Machines Co. (NYSE:IBM)

Smith Anglin Financial LLC decreased its position in International Business Machines Co. (NYSE:IBM) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,563 shares of the technology company’s stock after selling 790 shares during the period. Smith Anglin Financial LLC’s holdings in International Business Machines were worth $2,102,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Brown Brothers Harriman & Co. increased its stake in International Business Machines by 12.2% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 43,394 shares of the technology company’s stock valued at $7,505,000 after buying an additional 4,705 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in International Business Machines by 13.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock valued at $13,350,000 after buying an additional 9,155 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in shares of International Business Machines by 4.0% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 24,331 shares of the technology company’s stock worth $4,210,000 after purchasing an additional 931 shares during the last quarter. One Capital Management LLC increased its stake in shares of International Business Machines by 44.7% during the 2nd quarter. One Capital Management LLC now owns 2,905 shares of the technology company’s stock worth $502,000 after purchasing an additional 898 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in shares of International Business Machines by 12.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,513 shares of the technology company’s stock worth $2,510,000 after purchasing an additional 1,612 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’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 transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Stock Up 1.1 %

Shares of NYSE:IBM opened at $220.09 on Wednesday. The firm has a fifty day moving average price of $222.34 and a two-hundred day moving average price of $210.16. 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 Co. has a one year low of $162.62 and a one year high of $239.35. The company has a market cap of $203.51 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion during 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%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. Analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s payout ratio is 97.23%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target for the company. in a research note on Wednesday, October 2nd. Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. UBS Group lifted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday. Finally, StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $215.81.

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.