International Business Machines Co. (NYSE:IBM) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 53.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,863 shares of the technology company’s stock after selling 11,482 shares during the period. Siemens Fonds Invest GmbH’s holdings in International Business Machines were worth $2,168,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina increased its position in shares of International Business Machines by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company’s stock valued at $108,942,000 after purchasing an additional 4,131 shares during the last quarter. Blue Zone Wealth Advisors LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $242,000. Brady Martz Wealth Solutions LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $1,940,000. Tranquilli Financial Advisor LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $373,000. Finally, Truist Financial Corp increased its position in shares of International Business Machines by 6.5% in the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company’s stock valued at $178,296,000 after purchasing an additional 49,591 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on IBM shares. Bank of America increased their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of International Business Machines in a research report on Wednesday, May 7th. Oppenheimer started coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective on the stock. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Citigroup restated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $249.06.

International Business Machines Stock Up 0.0%

Shares of NYSE:IBM opened at $266.70 on Friday. The stock has a market cap of $247.87 billion, a P/E ratio of 41.61, a P/E/G ratio of 5.81 and a beta of 0.64. The firm has a fifty day moving average price of $243.74 and a 200 day moving average price of $236.27. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $267.98.

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

International Business Machines Increases Dividend

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

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.