L. Roy Papp & Associates LLP Sells 260 Shares of International Business Machines Co. (NYSE:IBM)

L. Roy Papp & Associates LLP trimmed its position in International Business Machines Co. (NYSE:IBM) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,917 shares of the technology company’s stock after selling 260 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in International Business Machines were worth $1,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC increased its stake in shares of International Business Machines by 110.0% in the fourth quarter. Authentikos Wealth Advisory LLC now owns 1,363 shares of the technology company’s stock worth $300,000 after purchasing an additional 714 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in International Business Machines by 3.6% in the 4th quarter. Leavell Investment Management Inc. now owns 19,158 shares of the technology company’s stock worth $4,212,000 after buying an additional 672 shares during the period. Portfolio Design Labs LLC increased its stake in International Business Machines by 232.8% in the 4th quarter. Portfolio Design Labs LLC now owns 3,917 shares of the technology company’s stock worth $861,000 after buying an additional 2,740 shares in the last quarter. Gradient Capital Advisors LLC raised its holdings in International Business Machines by 3.8% during the fourth quarter. Gradient Capital Advisors LLC now owns 1,897 shares of the technology company’s stock valued at $417,000 after acquiring an additional 70 shares during the period. Finally, New Republic Capital LLC lifted its position in shares of International Business Machines by 16.0% in the fourth quarter. New Republic Capital LLC now owns 1,711 shares of the technology company’s stock valued at $376,000 after acquiring an additional 236 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 2.2 %

Shares of NYSE IBM opened at $254.85 on Wednesday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The business’s 50 day moving average is $230.19 and its two-hundred day moving average is $217.78. The stock has a market capitalization of $235.65 billion, a P/E ratio of 39.76, a PEG ratio of 5.57 and a beta of 0.76.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, research analysts expect that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IBM. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Jefferies Financial Group increased their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. BMO Capital Markets boosted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday. They set an “outperform” rating and a $320.00 target price for the company. Finally, Bank of America boosted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $231.44.

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.