Monograph Wealth Advisors LLC Sells 1,402 Shares of International Business Machines Co. (NYSE:IBM)

Monograph Wealth Advisors LLC cut its position in International Business Machines Co. (NYSE:IBM) by 48.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,514 shares of the technology company’s stock after selling 1,402 shares during the quarter. Monograph Wealth Advisors LLC’s holdings in International Business Machines were worth $333,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Novem Group bought a new position in International Business Machines in the 4th quarter valued at approximately $1,380,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in International Business Machines by 15.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 176,395 shares of the technology company’s stock valued at $38,777,000 after acquiring an additional 23,123 shares during the period. Elequin Capital LP bought a new position in shares of International Business Machines during the fourth quarter valued at $286,000. Focus Partners Advisor Solutions LLC raised its stake in shares of International Business Machines by 49.2% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 29,607 shares of the technology company’s stock valued at $6,509,000 after acquiring an additional 9,768 shares during the last quarter. Finally, Kolinsky Wealth Management LLC lifted its holdings in shares of International Business Machines by 3.4% during the fourth quarter. Kolinsky Wealth Management LLC now owns 3,379 shares of the technology company’s stock worth $743,000 after purchasing an additional 111 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on IBM. Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America upped their target price on International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $249.06.

International Business Machines Price Performance

Shares of NYSE IBM opened at $266.76 on Wednesday. The firm has a market capitalization of $247.93 billion, a P/E ratio of 41.62, a P/E/G ratio of 5.81 and a beta of 0.64. The firm’s 50-day moving average price is $244.53 and its 200-day moving average price is $237.32. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1-year low of $163.53 and a 1-year high of $269.28.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the prior year, the business earned $1.68 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.52%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is presently 115.66%.

International Business Machines Company 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.