International Business Machines Co. (NYSE:IBM) Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC trimmed its holdings in International Business Machines Co. (NYSE:IBMFree Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,235 shares of the technology company’s stock after selling 252 shares during the period. Howland Capital Management LLC’s holdings in International Business Machines were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Natixis Advisors L.P. lifted its holdings in shares of International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after acquiring an additional 57,170 shares during the period. Herold Advisors Inc. increased its position in International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after purchasing an additional 688 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in International Business Machines during the 3rd quarter worth approximately $661,000. Silicon Valley Capital Partners increased its position in International Business Machines by 33.6% during the 3rd quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock worth $4,524,000 after purchasing an additional 8,117 shares in the last quarter. Finally, Waverly Advisors LLC increased its position in International Business Machines by 48.1% during the 3rd quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after purchasing an additional 6,397 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBM has been the subject of a number of research analyst reports. Societe Generale reissued a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. BMO Capital Markets increased their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Royal Bank of Canada increased their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Bank of America increased their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $176.85.

Read Our Latest Stock Analysis on IBM

International Business Machines Stock Up 0.8 %

IBM stock opened at $192.41 on Thursday. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $176.39 billion, a P/E ratio of 23.49, a PEG ratio of 3.70 and a beta of 0.70. The firm has a 50 day simple moving average of $188.64 and a 200-day simple moving average of $165.69.

International Business Machines (NYSE:IBMGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter last year, the company earned $3.60 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

About International Business Machines

(Free Report)

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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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