International Business Machines Co. (NYSE:IBM) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,082 shares of the technology company’s stock after selling 514 shares during the period. Gamco Investors INC. ET AL’s holdings in International Business Machines were worth $4,195,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of IBM. Passumpsic Savings Bank grew its stake in shares of International Business Machines by 3.8% in the 3rd quarter. Passumpsic Savings Bank now owns 2,045 shares of the technology company’s stock valued at $452,000 after purchasing an additional 74 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of International Business Machines during the third quarter worth $766,000. Westside Investment Management Inc. grew its position in International Business Machines by 12.2% in the 3rd quarter. Westside Investment Management Inc. now owns 919 shares of the technology company’s stock valued at $188,000 after buying an additional 100 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in International Business Machines by 4.6% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 3,140 shares of the technology company’s stock valued at $694,000 after buying an additional 139 shares during the period. Finally, Diamant Asset Management Inc. raised its position in International Business Machines by 11.0% during the 3rd quarter. Diamant Asset Management Inc. now owns 1,610 shares of the technology company’s stock worth $356,000 after buying an additional 160 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at approximately $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IBM shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $276.00 target price on shares of International Business Machines in a report on Monday. Morgan Stanley boosted their target price on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Finally, Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $232.75.

International Business Machines Stock Down 0.1 %

IBM stock opened at $238.45 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company’s 50 day simple moving average is $247.94 and its 200-day simple moving average is $233.36. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The firm has a market capitalization of $221.10 billion, a PE ratio of 37.20, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 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%. Equities analysts expect that International Business Machines Co. will post 10.78 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 Monday, March 10th. Investors of record on Monday, February 10th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.80%. The ex-dividend date was Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

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.