Silvercrest Asset Management Group LLC Lowers Stock Position in International Business Machines Co. (NYSE:IBM)

Silvercrest Asset Management Group LLC reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,769 shares of the technology company’s stock after selling 706 shares during the period. Silvercrest Asset Management Group LLC’s holdings in International Business Machines were worth $55,566,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new position in shares of International Business Machines during the 4th quarter valued at about $26,000. Vision Financial Markets LLC purchased a new position in International Business Machines in the 4th quarter worth approximately $31,000. Valued Wealth Advisors LLC lifted its holdings in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after purchasing an additional 90 shares in the last quarter. Rialto Wealth Management LLC purchased a new position in International Business Machines in the 4th quarter worth approximately $35,000. Finally, Tacita Capital Inc lifted its holdings in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after purchasing an additional 122 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. This represents a 37.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

International Business Machines Stock Performance

NYSE IBM opened at $266.55 on Friday. The company has a market cap of $247.73 billion, a P/E ratio of 41.58, a P/E/G ratio of 5.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business’s 50 day moving average price is $243.38 and its 200-day moving average price is $235.88. International Business Machines Co. has a fifty-two week low of $163.53 and a fifty-two week high of $268.08.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. Sell-side analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.52%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is 115.66%.

Analyst Ratings Changes

A number of research analysts recently commented on IBM shares. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. UBS Group reissued a “sell” rating and issued a $170.00 price target (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup reissued an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and an average target price of $249.06.

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.