International Business Machines Co. (NYSE:IBM) Stock Holdings Lowered by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,806 shares of the technology company’s stock after selling 434 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in International Business Machines were worth $1,496,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in International Business Machines by 13.5% during the second 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 in the last quarter. Ieq Capital LLC raised its holdings in shares of International Business Machines by 9.8% during the second quarter. Ieq Capital LLC now owns 40,278 shares of the technology company’s stock valued at $6,966,000 after acquiring an additional 3,600 shares during the period. Bridges Investment Management Inc. lifted its position in shares of International Business Machines by 46.3% in the 2nd quarter. Bridges Investment Management Inc. now owns 12,438 shares of the technology company’s stock valued at $2,151,000 after acquiring an additional 3,936 shares in the last quarter. Hollencrest Capital Management boosted its stake in International Business Machines by 35.2% in the 2nd quarter. Hollencrest Capital Management now owns 938 shares of the technology company’s stock worth $162,000 after purchasing an additional 244 shares during the period. Finally, Sei Investments Co. grew its position in International Business Machines by 18.6% during the 2nd quarter. Sei Investments Co. now owns 250,229 shares of the technology company’s stock worth $43,276,000 after purchasing an additional 39,212 shares in the last quarter. Institutional investors and hedge funds 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 stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.

International Business Machines Stock Up 0.9 %

IBM opened at $224.73 on Friday. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $239.35. 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 business has a 50 day moving average price of $222.87 and a 200 day moving average price of $210.66. The firm has a market cap of $207.80 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 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 firm had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter last year, the firm posted $2.20 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Research analysts forecast that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 2.97%. International Business Machines’s payout ratio is 97.23%.

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research report on Thursday, October 24th. Bernstein Bank lifted their target price on 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. Bank of America increased their price target on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. 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 report on Tuesday, January 14th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $215.81.

About International Business Machines

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.