Green Alpha Advisors LLC Trims Stock Holdings in International Business Machines Co. (NYSE:IBM)

Green Alpha Advisors LLC trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,257 shares of the technology company’s stock after selling 343 shares during the quarter. International Business Machines makes up 2.2% of Green Alpha Advisors LLC’s holdings, making the stock its 4th biggest holding. Green Alpha Advisors LLC’s holdings in International Business Machines were worth $2,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Qsemble Capital Management LP bought a new position in International Business Machines in the 2nd quarter valued at $279,000. Federated Hermes Inc. boosted its stake in shares of International Business Machines by 39.9% during the second quarter. Federated Hermes Inc. now owns 183,544 shares of the technology company’s stock valued at $31,744,000 after purchasing an additional 52,385 shares during the period. Parallel Advisors LLC grew its holdings in shares of International Business Machines by 6.3% in the second quarter. Parallel Advisors LLC now owns 28,620 shares of the technology company’s stock worth $4,950,000 after purchasing an additional 1,694 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in International Business Machines by 98.2% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,880 shares of the technology company’s stock worth $1,535,000 after buying an additional 4,400 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in International Business Machines by 5.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,309,420 shares of the technology company’s stock valued at $226,464,000 after buying an additional 68,198 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Activity

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on 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 owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $219.40 on Monday. The stock has a 50-day moving average of $221.92 and a two-hundred day moving average of $209.52. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The stock has a market cap of $202.87 billion, a P/E ratio of 31.94, a P/E/G ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a one year low of $160.29 and a one year high of $239.35.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. As a group, research analysts predict that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Morgan Stanley upped their target price on International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. BMO Capital Markets raised their price target on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Bernstein Bank upped their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Finally, Sanford C. Bernstein raised their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $214.88.

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.