Godsey & Gibb Inc. Sells 4,300 Shares of International Business Machines Co. (NYSE:IBM)

Godsey & Gibb Inc. cut its position in shares of International Business Machines Co. (NYSE:IBM) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,042 shares of the technology company’s stock after selling 4,300 shares during the quarter. International Business Machines accounts for 2.6% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 7th biggest holding. Godsey & Gibb Inc.’s holdings in International Business Machines were worth $26,389,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IBM. Massachusetts Financial Services Co. MA raised its position in shares of International Business Machines by 13.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock worth $13,350,000 after purchasing an additional 9,155 shares during the last quarter. One Capital Management LLC increased its position in International Business Machines by 44.7% during the second quarter. One Capital Management LLC now owns 2,905 shares of the technology company’s stock worth $502,000 after buying an additional 898 shares in the last quarter. Financial & Tax Architects LLC raised its holdings in shares of International Business Machines by 7.4% in the second quarter. Financial & Tax Architects LLC now owns 36,823 shares of the technology company’s stock worth $6,369,000 after acquiring an additional 2,522 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in shares of International Business Machines by 3.2% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 88,495 shares of the technology company’s stock valued at $15,305,000 after acquiring an additional 2,715 shares in the last quarter. Finally, Wealth Alliance boosted its stake in shares of International Business Machines by 4.3% during the second quarter. Wealth Alliance now owns 5,945 shares of the technology company’s stock valued at $1,028,000 after acquiring an additional 245 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.

International Business Machines Stock Up 1.1 %

IBM opened at $220.07 on Thursday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35. The firm has a 50 day moving average price of $222.34 and a 200 day moving average price of $210.16. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The company has a market cap of $203.49 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts expect that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. 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 dividend payout ratio is presently 97.23%.

Analysts Set New Price Targets

Several research analysts recently weighed in on IBM shares. Bank of America boosted their target price on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. BMO Capital Markets lifted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Morgan Stanley increased their price target on 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. Finally, Bernstein Bank lifted their price objective on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $215.81.

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.