Peoples Financial Services CORP. Sells 68 Shares of International Business Machines Co. (NYSE:IBM)

Peoples Financial Services CORP. lowered its stake in International Business Machines Co. (NYSE:IBM) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,219 shares of the technology company’s stock after selling 68 shares during the quarter. Peoples Financial Services CORP.’s holdings in International Business Machines were worth $927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pines Wealth Management LLC bought a new stake in International Business Machines in the fourth quarter valued at approximately $2,109,000. Accurate Wealth Management LLC lifted its position in International Business Machines by 2.2% in the fourth quarter. Accurate Wealth Management LLC now owns 5,160 shares of the technology company’s stock valued at $1,134,000 after purchasing an additional 111 shares during the last quarter. Sovereign Financial Group Inc. lifted its position in International Business Machines by 3.9% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,819 shares of the technology company’s stock valued at $1,059,000 after purchasing an additional 182 shares during the last quarter. Safeguard Financial LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $310,000. Finally, Sharper & Granite LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $240,000. Institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Trading Up 0.1 %

NYSE IBM opened at $217.54 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $239.35. The stock has a market cap of $201.15 billion, a P/E ratio of 31.67, a P/E/G ratio of 5.18 and a beta of 0.74. The stock’s fifty day moving average price is $222.34 and its 200-day moving average price is $210.16.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same period last year, the firm posted $2.20 earnings per share. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts forecast that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.07%. International Business Machines’s dividend payout ratio is currently 97.23%.

Analysts Set New Price Targets

IBM has been the subject of a number of recent analyst reports. Bernstein Bank upped their target price on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. UBS Group upped their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a report on Wednesday, October 2nd. Stifel Nicolaus upped their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Sanford C. Bernstein increased their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $215.81.

About International Business Machines

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.