Twin Capital Management Inc. Trims Stock Holdings in International Business Machines Co. (NYSE:IBM)

Twin Capital Management Inc. lessened its position in International Business Machines Co. (NYSE:IBM - Free Report) by 74.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,345 shares of the technology company's stock after selling 18,612 shares during the period. Twin Capital Management Inc.'s holdings in International Business Machines were worth $1,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Desjardins Global Asset Management Inc. grew its position in shares of International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company's stock valued at $644,000 after acquiring an additional 54 shares during the period. Avion Wealth grew its position in shares of International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company's stock valued at $158,000 after acquiring an additional 56 shares during the period. Financial Security Advisor Inc. grew its position in shares of International Business Machines by 2.7% in the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company's stock valued at $384,000 after acquiring an additional 61 shares during the period. Cornerstone Wealth Group LLC boosted its holdings in shares of International Business Machines by 3.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 1,734 shares of the technology company's stock worth $284,000 after buying an additional 61 shares during the period. Finally, Webster Bank N. A. boosted its holdings in shares of International Business Machines by 0.9% during the 4th quarter. Webster Bank N. A. now owns 7,131 shares of the technology company's stock worth $1,166,000 after buying an additional 62 shares during the period. Institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on IBM shares. BMO Capital Markets lifted their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, January 25th. StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, April 11th. Royal Bank of Canada lifted their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of International Business Machines in a report on Friday, January 5th. They set a "hold" rating and a $180.00 target price for the company. Finally, Evercore raised shares of International Business Machines from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $178.67.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $0.16 during midday trading on Friday, hitting $181.63. The stock had a trading volume of 3,037,624 shares, compared to its average volume of 4,780,670. The company's 50-day moving average price is $188.46 and its 200-day moving average price is $168.91. The company has a market capitalization of $166.51 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 3.58 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to analysts' expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.60 EPS. As a group, equities research analysts predict that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines's payout ratio is presently 81.67%.

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.