OMERS ADMINISTRATION Corp Lowers Stake in International Business Machines Co. (NYSE:IBM)

OMERS ADMINISTRATION Corp reduced its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 54,146 shares of the technology company's stock after selling 3,826 shares during the period. OMERS ADMINISTRATION Corp's holdings in International Business Machines were worth $11,903,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Obermeyer Wealth Partners grew its position in International Business Machines by 41.4% during the 4th quarter. Obermeyer Wealth Partners now owns 1,522 shares of the technology company's stock worth $335,000 after purchasing an additional 446 shares during the last quarter. Obsidian Personal Planning Solutions LLC grew its position in International Business Machines by 1.1% during the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 6,047 shares of the technology company's stock worth $1,329,000 after purchasing an additional 66 shares during the last quarter. Maytus Capital Management LLC purchased a new position in International Business Machines during the 4th quarter worth $7,254,000. McGowan Group Asset Management Inc. boosted its holdings in shares of International Business Machines by 18.7% in the fourth quarter. McGowan Group Asset Management Inc. now owns 2,426 shares of the technology company's stock valued at $533,000 after acquiring an additional 382 shares in the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the business'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 completion of the sale, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on IBM shares. Bank of America lifted their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Morgan Stanley lowered their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Wedbush reaffirmed an "outperform" rating and issued a $300.00 target price on shares of International Business Machines in a report on Wednesday, May 7th. Finally, UBS Group reaffirmed a "sell" rating and issued a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $248.50.

International Business Machines Stock Performance

Shares of IBM opened at $253.74 on Tuesday. 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 has a market cap of $235.82 billion, a P/E ratio of 39.58, a PEG ratio of 5.81 and a beta of 0.64. The company has a 50-day moving average of $243.06 and a two-hundred day moving average of $235.19. International Business Machines Co. has a 12-month low of $163.53 and a 12-month high of $266.45.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion during 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%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. As a group, research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company 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 dividend of $1.68 per share. This is an increase 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 2.65%. International Business Machines's payout ratio is 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.

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