Victory Capital Management Inc. Has $75.77 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Victory Capital Management Inc. decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 344,684 shares of the technology company’s stock after selling 39,248 shares during the period. Victory Capital Management Inc.’s holdings in International Business Machines were worth $75,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Pettinga Financial Advisors LLC purchased a new stake in shares of International Business Machines in the third quarter valued at about $221,000. Maia Wealth LLC raised its holdings in shares of International Business Machines by 8.2% in the third quarter. Maia Wealth LLC now owns 1,331 shares of the technology company’s stock valued at $291,000 after purchasing an additional 101 shares during the last quarter. Forte Capital LLC ADV raised its holdings in shares of International Business Machines by 4.9% in the third quarter. Forte Capital LLC ADV now owns 8,544 shares of the technology company’s stock valued at $1,889,000 after purchasing an additional 397 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of International Business Machines in the third quarter valued at about $268,000. Finally, Advisor Resource Council purchased a new stake in shares of International Business Machines in the third quarter valued at about $836,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is currently owned by company insiders.

International Business Machines Price Performance

International Business Machines stock opened at $248.54 on Friday. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The business has a fifty day moving average price of $240.52 and a 200-day moving average price of $225.74. 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 firm has a market capitalization of $230.47 billion, a P/E ratio of 38.77, a PEG ratio of 5.81 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given 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 2.69%. International Business Machines’s dividend payout ratio (DPR) is presently 104.21%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group increased their target price on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, January 14th. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Friday. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Jefferies Financial Group raised their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average price target of $231.44.

International Business Machines 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.