Dynamic Advisor Solutions LLC Reduces Position in International Business Machines Co. (NYSE:IBM)

Dynamic Advisor Solutions LLC decreased its holdings in International Business Machines Co. (NYSE:IBM) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,165 shares of the technology company’s stock after selling 122 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in International Business Machines were worth $8,170,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. apricus wealth LLC increased its position in International Business Machines by 1.3% during the fourth quarter. apricus wealth LLC now owns 6,276 shares of the technology company’s stock valued at $1,380,000 after acquiring an additional 78 shares during the last quarter. AM Investment Strategies LLC grew its stake in shares of International Business Machines by 2.8% during the 4th quarter. AM Investment Strategies LLC now owns 2,456 shares of the technology company’s stock valued at $540,000 after purchasing an additional 67 shares during the period. CX Institutional increased its position in shares of International Business Machines by 2.0% during the 4th quarter. CX Institutional now owns 7,125 shares of the technology company’s stock valued at $1,566,000 after purchasing an additional 143 shares during the last quarter. Encompass More Asset Management bought a new position in shares of International Business Machines in the 4th quarter worth approximately $235,000. Finally, Impact Partnership Wealth LLC boosted its holdings in shares of International Business Machines by 64.7% in the fourth quarter. Impact Partnership Wealth LLC now owns 10,309 shares of the technology company’s stock worth $2,266,000 after buying an additional 4,049 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on IBM shares. The Goldman Sachs Group upped their target price on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. raised their target price on International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a report on Thursday. Bernstein Bank boosted their price target on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Sanford C. Bernstein raised their price objective on International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley boosted their price objective on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $220.73.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by insiders.

International Business Machines Stock Performance

IBM opened at $224.69 on Friday. 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 capitalization of $207.75 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.78 and a beta of 0.74. The company has a fifty day moving average of $224.33 and a 200 day moving average of $212.32. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $239.35.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating 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 analyst estimates of $15.08 billion. During the same quarter last year, the business posted $2.20 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio is currently 97.23%.

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.