International Business Machines Co. (NYSE:IBM) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,983 shares of the technology company's stock after selling 7,716 shares during the period. Integrated Advisors Network LLC's holdings in International Business Machines were worth $1,975,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new stake in International Business Machines during the 4th quarter valued at $902,000. Brighton Jones LLC boosted its position in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after buying an additional 2,323 shares during the period. Linden Thomas Advisory Services LLC lifted its position in shares of International Business Machines by 32.0% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 4,058 shares of the technology company's stock worth $892,000 after purchasing an additional 984 shares during the period. Insight Inv LLC increased its position in shares of International Business Machines by 7.9% during the fourth quarter. Insight Inv LLC now owns 15,213 shares of the technology company's stock valued at $3,344,000 after buying an additional 1,109 shares during the period. Finally, Flagship Harbor Advisors LLC increased its position in shares of International Business Machines by 3.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 10,249 shares of the technology company's stock valued at $2,253,000 after buying an additional 373 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Royal Bank of Canada upped their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Morgan Stanley decreased their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $249.06.

International Business Machines Trading Up 1.8%

Shares of IBM traded up $4.54 during midday trading on Tuesday, hitting $263.17. The stock had a trading volume of 3,281,641 shares, compared to its average volume of 4,211,353. International Business Machines Co. has a 1 year low of $163.53 and a 1 year high of $269.28. The firm has a market cap of $244.59 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock's 50 day moving average is $245.26 and its 200 day moving average is $238.85.

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

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.55%. International Business Machines's dividend payout ratio is presently 115.66%.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company's stock.

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.