International Business Machines Co. (NYSE:IBM) Shares Sold by Oder Investment Management LLC

Oder Investment Management LLC trimmed its stake in International Business Machines Co. (NYSE:IBM) by 18.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,849 shares of the technology company’s stock after selling 865 shares during the period. Oder Investment Management LLC’s holdings in International Business Machines were worth $846,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Compass Financial Services Inc acquired a new stake in International Business Machines during the 4th quarter valued at $26,000. Vision Financial Markets LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at $31,000. Avondale Wealth Management raised its position in International Business Machines by 56.0% during the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after buying an additional 56 shares during the period. Valued Wealth Advisors LLC lifted its stake in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after acquiring an additional 90 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in International Business Machines during the 4th quarter worth about $35,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $235.49 on Friday. The company has a market cap of $218.37 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 5.81 and a beta of 0.67. The business has a 50 day moving average price of $249.14 and a 200 day moving average price of $232.95. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Research analysts predict 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 declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.84%. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

Analyst Ratings Changes

A number of analysts have recently issued reports on IBM shares. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. JPMorgan Chase & Co. boosted their price target on shares of 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 cut their price objective on International Business Machines from $270.00 to $265.00 and set a “hold” rating for the company in a report on Monday, March 31st. Finally, BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $231.13.

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.