Zacks Investment Management Has $79.42 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Zacks Investment Management lessened its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 361,290 shares of the technology company's stock after selling 38,263 shares during the period. Zacks Investment Management's holdings in International Business Machines were worth $79,422,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock valued at $20,189,023,000 after acquiring an additional 1,539,888 shares during the period. Geode Capital Management LLC lifted its holdings in shares of International Business Machines by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock worth $4,589,145,000 after buying an additional 427,499 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of International Business Machines by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,665,256 shares of the technology company's stock worth $1,465,223,000 after acquiring an additional 126,547 shares during the last quarter. Norges Bank bought a new stake in shares of International Business Machines in the 4th quarter valued at approximately $1,236,176,000. Finally, Invesco Ltd. boosted its stake in International Business Machines by 5.1% in the 4th quarter. Invesco Ltd. now owns 4,036,860 shares of the technology company's stock valued at $887,423,000 after buying an additional 194,814 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the business's 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 sale, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

International Business Machines Trading Down 0.1 %

IBM traded down $0.12 during midday trading on Friday, reaching $238.45. 4,626,569 shares of the company were exchanged, compared to its average volume of 4,232,328. The stock has a market capitalization of $221.10 billion, a P/E ratio of 37.20, a PEG ratio of 5.81 and a beta of 0.67. International Business Machines Co. has a one year low of $162.62 and a one year high of $266.45. The stock's 50-day simple moving average is $247.61 and its 200 day simple moving average is $233.58. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio is currently 104.21%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IBM shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $276.00 target price on shares of International Business Machines in a report on Monday, April 14th. BMO Capital Markets raised their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. Jefferies Financial Group cut their price objective on International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Sanford C. Bernstein boosted their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $232.75.

International Business Machines 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.