Atria Wealth Solutions Inc. lessened its stake in shares of International Business Machines Co. (NYSE:IBM – Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,865 shares of the technology company’s stock after selling 2,764 shares during the period. Atria Wealth Solutions Inc.’s holdings in International Business Machines were worth $13,062,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Naples Money Management LLC purchased a new position in International Business Machines during the 4th quarter valued at about $28,000. Briaud Financial Planning Inc bought a new stake in International Business Machines during the third quarter worth approximately $31,000. Stone House Investment Management LLC boosted its position in International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares during the period. Financial Gravity Asset Management Inc. boosted its position in International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Finally, Cordant Inc. lifted its holdings in shares of International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.
International Business Machines Price Performance
IBM stock traded down $17.54 during mid-day trading on Thursday, hitting $166.56. The stock had a trading volume of 10,874,392 shares, compared to its average volume of 4,882,935. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The firm has a market capitalization of $152.69 billion, a P/E ratio of 20.60, a P/E/G ratio of 3.58 and a beta of 0.70. The firm has a fifty day simple moving average of $188.36 and a 200 day simple moving average of $169.98.
International Business Machines Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and upped their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. Societe Generale restated a “sell” rating and set a $143.00 target price on shares of International Business Machines in a report on Friday, January 5th. Bank of America raised their price target on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Sanford C. Bernstein increased their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $178.77.
Check Out Our Latest Stock Analysis on International Business Machines
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.
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