International Business Machines Co. (NYSE:IBM) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. trimmed its position in International Business Machines Co. (NYSE:IBM) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,677 shares of the technology company’s stock after selling 82 shares during the quarter. Bridges Investment Management Inc.’s holdings in International Business Machines were worth $2,787,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pettinga Financial Advisors LLC purchased a new position in shares of International Business Machines in the 3rd quarter valued at $221,000. Focus Financial Network Inc. increased its holdings in International Business Machines by 3.2% in the 3rd quarter. Focus Financial Network Inc. now owns 6,557 shares of the technology company’s stock valued at $1,450,000 after purchasing an additional 206 shares in the last quarter. Campbell Wealth Management purchased a new position in International Business Machines in the third quarter valued at about $375,000. Lowe Brockenbrough & Co. Inc. lifted its stake in shares of International Business Machines by 9.8% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 14,341 shares of the technology company’s stock worth $3,171,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Capital Advisors Inc. OK boosted its position in shares of International Business Machines by 1.0% in the third quarter. Capital Advisors Inc. OK now owns 280,720 shares of the technology company’s stock worth $62,062,000 after buying an additional 2,699 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.2 %

NYSE:IBM opened at $252.63 on Friday. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $265.72. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company has a market cap of $234.25 billion, a PE ratio of 39.41, a P/E/G ratio of 5.81 and a beta of 0.76. The business’s 50 day moving average is $238.37 and its two-hundred day moving average is $224.36.

International Business Machines (NYSE:IBM) last released its quarterly earnings data 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 net margin of 9.60% and a return on equity of 38.99%. On average, analysts predict 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 paid a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.64%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analysts Set New Price Targets

Several brokerages recently commented on IBM. Wedbush initiated coverage on International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Bank of America upped their target price on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted 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 note on Thursday, January 30th. Finally, UBS Group upped their price objective on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus 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.