Yousif Capital Management LLC Sells 7,105 Shares of International Business Machines Corporation $IBM

Key Points

• Yousif Capital Management LLC trimmed its IBM stake by 4.8%, selling 7,105 shares in Q4 and now holds 139,871 shares worth $40,751,000, making IBM roughly 0.4% of its portfolio and its 27th largest position.
• Insiders bought shares recently: Director Michael Miebach purchased 434 shares at $233.33 and Director David N. Farr bought 1,000 shares at $304, with total insider purchases of 1,484 shares valued at $417,157 last quarter.
• IBM beat Q4 estimates with EPS of $4.52 vs. $4.33 and revenue of $19.69B (up 12.2% YoY); it pays a $1.68 quarterly dividend (2.7% yield) and carries a consensus analyst rating of "Moderate Buy" with an average target of $314.60.

Yousif Capital Management LLC trimmed its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 139,871 shares of the technology company's stock after selling 7,105 shares during the quarter. International Business Machines comprises approximately 0.4% of Yousif Capital Management LLC's portfolio, making the stock its 27th biggest position. Yousif Capital Management LLC's holdings in International Business Machines were worth $40,751,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. bought a new stake in shares of International Business Machines during the 3rd quarter valued at about $28,000. SWAN Capital LLC purchased a new position in shares of International Business Machines in the third quarter worth approximately $28,000. Trifecta Capital Advisors LLC boosted its holdings in shares of International Business Machines by 129.1% in the third quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company's stock worth $36,000 after buying an additional 71 shares during the last quarter. American Wealth Advisors LLC purchased a new position in shares of International Business Machines in the third quarter worth approximately $40,000. Finally, Davis Capital Management purchased a new position in shares of International Business Machines in the third quarter worth approximately $54,000. 58.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael Miebach acquired 434 shares of the business's stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the purchase, the director owned 434 shares in the company, valued at $101,265.22. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David N. Farr acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, January 30th. The shares were bought at an average price of $304.00 per share, with a total value of $304,000.00. Following the completion of the purchase, the director owned 9,258 shares in the company, valued at $2,814,432. This trade represents a 12.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 1,484 shares of company stock valued at $417,157. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Trading Down 0.8%

Shares of NYSE:IBM opened at $244.79 on Wednesday. The stock has a 50 day moving average of $258.23 and a 200 day moving average of $283.92. The company has a market cap of $229.63 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 2.47 and a beta of 0.69. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. International Business Machines Corporation has a 12-month low of $215.16 and a 12-month high of $324.90.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.33 by $0.19. The company had revenue of $19.69 billion during the quarter, compared to the consensus estimate of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The firm's revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.92 EPS. As a group, equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were paid a dividend of $1.68 per share. The ex-dividend date was Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines's payout ratio is 60.27%.

Analyst Ratings Changes

A number of research firms recently issued reports on IBM. Royal Bank Of Canada set a $361.00 price objective on shares of International Business Machines in a report on Thursday, January 29th. BMO Capital Markets dropped their price objective on shares of International Business Machines from $350.00 to $290.00 and set a "market perform" rating on the stock in a report on Thursday, March 19th. Sanford C. Bernstein reissued a "market perform" rating on shares of International Business Machines in a report on Wednesday, December 10th. Stifel Nicolaus raised their price objective on shares of International Business Machines from $325.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of International Business Machines in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, International Business Machines currently has an average rating of "Moderate Buy" and an average target price of $314.60.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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