Sollinda Capital Management LLC Increases Position in International Business Machines Co. (NYSE:IBM)

Sollinda Capital Management LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,499 shares of the technology company’s stock after purchasing an additional 139 shares during the period. Sollinda Capital Management LLC’s holdings in International Business Machines were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IBM. Pettinga Financial Advisors LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at $221,000. Capital Performance Advisors LLP acquired a new stake in International Business Machines in the 3rd quarter valued at about $43,000. Fiera Capital Corp raised its holdings in International Business Machines by 3.6% in the 3rd quarter. Fiera Capital Corp now owns 4,107 shares of the technology company’s stock valued at $908,000 after acquiring an additional 142 shares during the last quarter. United Bank increased its holdings in shares of International Business Machines by 53.3% during the 3rd quarter. United Bank now owns 5,628 shares of the technology company’s stock worth $1,244,000 after buying an additional 1,956 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in International Business Machines by 7.4% in the 3rd quarter. Assetmark Inc. now owns 38,478 shares of the technology company’s stock valued at $8,507,000 after purchasing an additional 2,640 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IBM shares. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. UBS Group boosted their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, January 14th. Bank of America upped their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Oppenheimer assumed coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $231.44.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, 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 legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by insiders.

International Business Machines Trading Down 1.8 %

International Business Machines stock opened at $256.93 on Tuesday. The firm’s 50-day moving average is $242.03 and its 200-day moving average is $227.05. 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 $266.45. The company has a market cap of $238.24 billion, a P/E ratio of 40.08, a PEG ratio of 5.81 and a beta of 0.74.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

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.