International Business Machines Co. (NYSE:IBM) Shares Sold by Skba Capital Management LLC

Skba Capital Management LLC lessened its stake in shares of International Business Machines Co. (NYSE:IBM) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,040 shares of the technology company’s stock after selling 14,455 shares during the quarter. International Business Machines comprises about 2.9% of Skba Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Skba Capital Management LLC’s holdings in International Business Machines were worth $18,475,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of IBM. Blue Zone Wealth Advisors LLC acquired a new position in International Business Machines in the 4th quarter valued at about $242,000. Brady Martz Wealth Solutions LLC purchased a new stake in International Business Machines in the fourth quarter valued at approximately $1,940,000. Tranquilli Financial Advisor LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $373,000. Truist Financial Corp lifted its stake in shares of International Business Machines by 6.5% in the 4th 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 in the last quarter. Finally, Nordea Investment Management AB increased its position in International Business Machines by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after purchasing an additional 4,625 shares in 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 news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IBM. The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. UBS Group increased their target price on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $231.44.

International Business Machines Trading Down 1.0 %

NYSE:IBM opened at $243.83 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company’s 50 day moving average is $249.51 and its 200-day moving average is $231.62. The firm has a market cap of $226.10 billion, a price-to-earnings ratio of 38.04, a P/E/G ratio of 5.81 and a beta of 0.74. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s dividend payout ratio is 104.21%.

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.