River Global Investors LLP Trims Stock Holdings in International Business Machines Co. (NYSE:IBM)

River Global Investors LLP lowered its position in International Business Machines Co. (NYSE:IBM) by 44.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,853 shares of the technology company’s stock after selling 3,122 shares during the quarter. River Global Investors LLP’s holdings in International Business Machines were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of IBM. Pettinga Financial Advisors LLC acquired a new position in International Business Machines during the third quarter worth $221,000. TFB Advisors LLC acquired a new position in International Business Machines during the third quarter worth $203,000. Capital Performance Advisors LLP acquired a new position in International Business Machines during the third quarter worth $43,000. Easterly Investment Partners LLC acquired a new position in International Business Machines during the third quarter worth $221,000. Finally, Fiera Capital Corp grew its holdings in International Business Machines by 3.6% during the third quarter. Fiera Capital Corp now owns 4,107 shares of the technology company’s stock worth $908,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 45,007 shares in the company, valued at $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.07% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $261.67 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $265.72. The firm has a market cap of $242.63 billion, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The stock has a 50-day simple moving average of $241.29 and a 200-day simple moving average of $226.41.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.55%. International Business Machines’s dividend payout ratio (DPR) is currently 104.21%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group upped their target price on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Bank of America upped their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. BMO Capital Markets upped their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Finally, Wedbush assumed coverage on International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $231.44.

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.