International Business Machines Co. (NYSE:IBM) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its position in International Business Machines Co. (NYSE:IBM) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,405 shares of the technology company’s stock after selling 151 shares during the period. International Business Machines comprises 1.1% of Transcend Capital Advisors LLC’s portfolio, making the stock its 15th largest holding. Transcend Capital Advisors LLC’s holdings in International Business Machines were worth $14,598,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. McAdam LLC grew its position in shares of International Business Machines by 1.5% in the third quarter. McAdam LLC now owns 3,570 shares of the technology company’s stock valued at $789,000 after purchasing an additional 52 shares during the period. Axecap Investments LLC acquired a new stake in International Business Machines in the 3rd quarter worth about $1,096,000. International Assets Investment Management LLC grew its holdings in International Business Machines by 20,324.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock valued at $600,373,000 after buying an additional 2,702,340 shares during the period. Brighton Jones LLC increased its stake in shares of International Business Machines by 5.2% during the 3rd quarter. Brighton Jones LLC now owns 18,688 shares of the technology company’s stock valued at $4,132,000 after acquiring an additional 922 shares during the last quarter. Finally, Great Lakes Retirement Inc. lifted its holdings in shares of International Business Machines by 4,676.6% during the 3rd quarter. Great Lakes Retirement Inc. now owns 11,034 shares of the technology company’s stock worth $2,439,000 after acquiring an additional 10,803 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on IBM shares. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective for the company. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group upped their price target on International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $231.44.

International Business Machines Stock Performance

NYSE:IBM opened at $264.85 on Friday. The firm has a 50-day moving average of $234.65 and a two-hundred day moving average of $221.26. 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 stock has a market cap of $244.89 billion, a P/E ratio of 41.32, a PEG ratio of 5.80 and a beta of 0.76. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $265.72.

International Business Machines (NYSE:IBM) last issued its quarterly 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%. On average, research analysts expect that International Business Machines Co. will post 10.77 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.52%. International Business Machines’s dividend payout ratio (DPR) is presently 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.