IVC Wealth Advisors LLC Has $1.35 Million Stake in International Business Machines Co. (NYSE:IBM)

IVC Wealth Advisors LLC reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 12.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,155 shares of the technology company’s stock after selling 850 shares during the quarter. IVC Wealth Advisors LLC’s holdings in International Business Machines were worth $1,353,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in IBM. Public Sector Pension Investment Board increased its position in International Business Machines by 72.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 35,496 shares of the technology company’s stock valued at $6,139,000 after buying an additional 14,874 shares in the last quarter. AXA S.A. increased its holdings in shares of International Business Machines by 4.5% during the second quarter. AXA S.A. now owns 432,215 shares of the technology company’s stock valued at $74,752,000 after acquiring an additional 18,423 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of International Business Machines by 6.4% during the second quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company’s stock worth $1,274,074,000 after purchasing an additional 444,698 shares during the period. Drucker Wealth 3.0 LLC bought a new position in shares of International Business Machines in the 2nd quarter worth $264,000. Finally, Delta Investment Management LLC grew its position in International Business Machines by 3.3% in the 2nd quarter. Delta Investment Management LLC now owns 5,522 shares of the technology company’s stock valued at $955,000 after purchasing an additional 176 shares during the period. 58.96% of the stock is owned by institutional investors.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Trading Up 1.1 %

Shares of IBM stock opened at $225.63 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The firm has a market cap of $208.63 billion, a P/E ratio of 32.84, a PEG ratio of 4.80 and a beta of 0.74. The company has a 50 day moving average of $223.60 and a 200-day moving average of $211.90. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period in the previous year, the company posted $2.20 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 2.96%. International Business Machines’s dividend payout ratio is presently 97.23%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IBM. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. UBS Group lifted their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Bernstein Bank increased their price objective on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. Stifel Nicolaus lifted their target price on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and a consensus target price of $220.73.

About International Business Machines

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.