Twin Capital Management Inc. Sells 18,612 Shares of International Business Machines Co. (NYSE:IBM)

Twin Capital Management Inc. lowered its stake in International Business Machines Co. (NYSE:IBM) by 74.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,345 shares of the technology company’s stock after selling 18,612 shares during the quarter. 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 have also recently modified their holdings of the business. Desjardins Global Asset Management Inc. boosted its holdings in shares of International Business Machines by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after buying an additional 54 shares in the last quarter. Avion Wealth boosted its holdings in shares of International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after buying an additional 56 shares in the last quarter. Financial Security Advisor Inc. boosted its holdings in shares of International Business Machines by 2.7% during the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after buying an additional 61 shares in the last quarter. 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 valued at $284,000 after buying an additional 61 shares in the last quarter. 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 valued at $1,166,000 after buying an additional 62 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.9 %

NYSE IBM opened at $181.44 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market capitalization of $166.33 billion, a P/E ratio of 22.32, a P/E/G ratio of 3.58 and a beta of 0.70. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18. The stock has a 50 day moving average price of $188.56 and a 200-day moving average price of $168.63.

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

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BMO Capital Markets upped their price target on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research report on Wednesday. Sanford C. Bernstein upped their price target on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Societe Generale reissued a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $178.67.

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.