Sumitomo Mitsui DS Asset Management Company Ltd Sells 1,486 Shares of International Business Machines Co. (NYSE:IBM)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 326,269 shares of the technology company’s stock after selling 1,486 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in International Business Machines were worth $71,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of IBM. Meeder Asset Management Inc. raised its holdings in International Business Machines by 40.9% in the third quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock worth $126,000 after purchasing an additional 166 shares during the period. Brady Martz Wealth Solutions LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at $1,940,000. Tranquilli Financial Advisor LLC acquired a new stake in International Business Machines during the 4th quarter worth $373,000. Philip James Wealth Mangement LLC acquired a new position in International Business Machines in the third quarter valued at about $5,117,000. Finally, Nordea Investment Management AB increased its holdings in shares of International Business Machines by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after acquiring an additional 4,625 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 3.8 %

IBM stock opened at $253.30 on Friday. The company has a market cap of $234.21 billion, a price-to-earnings ratio of 39.52, a P/E/G ratio of 5.63 and a beta of 0.76. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The business has a 50 day moving average price of $228.73 and a two-hundred day moving average price of $216.19. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts anticipate that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.64%. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IBM shares. Morgan Stanley lifted their price objective on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Sanford C. Bernstein lifted their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Wedbush started coverage on shares of International Business Machines in a research report on Monday. They set an “outperform” rating for the company. Jefferies Financial Group upped their target price on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, Stifel Nicolaus lifted their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average price target of $225.53.

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.