Siemens Fonds Invest GmbH Sells 11,482 Shares of International Business Machines Co. (NYSE:IBM)

Siemens Fonds Invest GmbH lowered its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 53.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,863 shares of the technology company's stock after selling 11,482 shares during the period. Siemens Fonds Invest GmbH's holdings in International Business Machines were worth $2,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Treasurer of the State of North Carolina lifted its position in International Business Machines by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after acquiring an additional 4,131 shares during the last quarter. Blue Zone Wealth Advisors LLC bought a new position in shares of International Business Machines during the fourth quarter worth approximately $242,000. Brady Martz Wealth Solutions LLC acquired a new stake in International Business Machines during the fourth quarter worth approximately $1,940,000. Tranquilli Financial Advisor LLC bought a new position in International Business Machines during the 4th quarter worth $373,000. Finally, Truist Financial Corp raised its holdings in International Business Machines by 6.5% in the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock valued at $178,296,000 after acquiring an additional 49,591 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction 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 owns 45,007 shares in the company, valued at $11,387,221.07. The trade was a 37.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company's stock.

International Business Machines Trading Up 0.6%

Shares of International Business Machines stock traded up $1.57 during trading on Monday, hitting $268.33. The company's stock had a trading volume of 3,198,288 shares, compared to its average volume of 4,222,407. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 52 week low of $163.53 and a 52 week high of $269.06. The stock has a market cap of $249.39 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. The stock has a 50-day moving average price of $243.74 and a two-hundred day moving average price of $236.69.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping 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 company had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. International Business Machines's revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a $1.68 dividend. 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 yield of 2.50%. International Business Machines's payout ratio is presently 115.66%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IBM. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. Oppenheimer initiated coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective on the stock. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. StockNews.com raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Wedbush reissued an "outperform" rating and issued a $300.00 price objective on shares of International Business Machines in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $249.06.

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.