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

Bryn Mawr Capital Management LLC decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,794 shares of the technology company’s stock after selling 2,414 shares during the period. International Business Machines comprises about 0.8% of Bryn Mawr Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Bryn Mawr Capital Management LLC’s holdings in International Business Machines were worth $15,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in IBM. Meeder Asset Management Inc. boosted its stake in International Business Machines by 40.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the period. Blue Zone Wealth Advisors LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $242,000. Brady Martz Wealth Solutions LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $1,940,000. Tranquilli Financial Advisor LLC acquired a new stake in International Business Machines during the 4th quarter valued at $373,000. Finally, Philip James Wealth Mangement LLC acquired a new position in International Business Machines during the third quarter valued at $5,117,000. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on IBM shares. Morgan Stanley lifted their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Jefferies Financial Group increased their price objective on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $257.12 on Wednesday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average price of $236.49 and a two-hundred day moving average price of $223.25. The company has a market cap of $237.74 billion, a P/E ratio of 40.11, a PEG ratio of 5.81 and a beta of 0.76.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share 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%. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. International Business Machines’s dividend payout ratio is 104.21%.

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.