International Business Machines Co. (NYSE:IBM) Stake Cut by SVB Wealth LLC

SVB Wealth LLC cut its position in shares of International Business Machines Co. (NYSE:IBM) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 143,417 shares of the technology company’s stock after selling 34,186 shares during the period. SVB Wealth LLC’s holdings in International Business Machines were worth $23,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in IBM. Vontobel Holding Ltd. lifted its stake in International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after buying an additional 80,474 shares during the last quarter. Natixis Advisors L.P. lifted its stake in International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after buying an additional 57,170 shares during the last quarter. Herold Advisors Inc. lifted its stake in International Business Machines by 3.2% in the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after buying an additional 688 shares during the last quarter. Tsfg LLC lifted its stake in International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after buying an additional 109 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of International Business Machines during the third quarter valued at $661,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 1.4 %

NYSE IBM traded up $2.45 during trading on Tuesday, reaching $183.70. 1,726,676 shares of the company’s stock were exchanged, compared to its average volume of 4,814,588. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. The firm has a market capitalization of $168.41 billion, a PE ratio of 22.63, a P/E/G ratio of 3.57 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The company’s fifty day simple moving average is $188.62 and its 200-day simple moving average is $168.13.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.60 EPS. Sell-side analysts predict that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.61%. International Business Machines’s dividend payout ratio is 81.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IBM. Stifel Nicolaus raised their price target on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. Royal Bank of Canada raised their price target on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Jefferies Financial Group assumed coverage on International Business Machines in a report on Friday, January 5th. They set a “hold” rating and a $180.00 price target on the stock. Finally, Evercore raised 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $178.08.

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.