Quintet Private Bank Europe S.A. Sells 150 Shares of International Business Machines Co. (NYSE:IBM)

Quintet Private Bank Europe S.A. lessened its holdings in shares of International Business Machines Co. (NYSE:IBM) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,246 shares of the technology company’s stock after selling 150 shares during the period. Quintet Private Bank Europe S.A.’s holdings in International Business Machines were worth $494,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JBR Co Financial Management Inc raised its holdings in International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company’s stock valued at $1,405,000 after buying an additional 40 shares during the last quarter. Callan Capital LLC increased its position in shares of International Business Machines by 2.4% in the fourth quarter. Callan Capital LLC now owns 1,870 shares of the technology company’s stock valued at $411,000 after acquiring an additional 44 shares during the period. Marks Group Wealth Management Inc raised its stake in shares of International Business Machines by 0.4% during the fourth quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock valued at $2,292,000 after acquiring an additional 45 shares during the last quarter. First Affirmative Financial Network boosted its holdings in shares of International Business Machines by 1.5% during the fourth quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company’s stock worth $687,000 after purchasing an additional 46 shares during the period. Finally, Waterfront Wealth Inc. grew its stake in shares of International Business Machines by 2.0% in the fourth quarter. Waterfront Wealth Inc. now owns 2,393 shares of the technology company’s stock worth $526,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on IBM. Jefferies Financial Group upped their price target on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price for the company. Morgan Stanley lifted their price target on shares of International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of International Business Machines in a research note on Monday, January 27th. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $231.44.

International Business Machines Price Performance

Shares of NYSE IBM opened at $252.63 on Monday. The company has a 50 day simple moving average of $238.37 and a two-hundred day simple moving average of $224.58. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $265.72. The company has a market capitalization of $234.25 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 5.81 and a beta of 0.76. 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 (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 analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

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.