Centaurus Financial Inc. Sells 3,326 Shares of International Business Machines Co. (NYSE:IBM)

Centaurus Financial Inc. lessened its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 42.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,601 shares of the technology company's stock after selling 3,326 shares during the period. Centaurus Financial Inc.'s holdings in International Business Machines were worth $1,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of International Business Machines in the 4th quarter valued at about $26,000. Vision Financial Markets LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $31,000. Rialto Wealth Management LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $35,000. Tacita Capital Inc lifted its stake in shares of International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after acquiring an additional 122 shares during the last quarter. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines in the 4th quarter valued at about $43,000. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on IBM shares. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Oppenheimer assumed coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price target on the stock. Royal Bank of Canada boosted their price target on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average target price of $249.06.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the company'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 value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company's stock.

International Business Machines Stock Up 0.1%

International Business Machines stock traded up $0.19 during mid-day trading on Friday, hitting $258.88. The company had a trading volume of 9,667,740 shares, compared to its average volume of 4,225,756. International Business Machines Co. has a 12 month low of $163.53 and a 12 month high of $269.28. 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 stock's 50 day moving average price is $246.37 and its two-hundred day moving average price is $239.81. The company has a market capitalization of $240.60 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 EPS. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.60%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

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.