Westwood Holdings Group Inc. Decreases Stock Holdings in International Business Machines Co. (NYSE:IBM)

Westwood Holdings Group Inc. decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,016 shares of the technology company’s stock after selling 10,917 shares during the quarter. Westwood Holdings Group Inc.’s holdings in International Business Machines were worth $20,668,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Compass Financial Services Inc purchased a new stake in International Business Machines in the fourth quarter valued at $26,000. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at approximately $31,000. Valued Wealth Advisors LLC raised its stake in shares of International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock valued at $35,000 after acquiring an additional 90 shares during the period. Rialto Wealth Management LLC purchased a new stake in International Business Machines in the fourth quarter valued at approximately $35,000. Finally, Tacita Capital Inc raised its position in International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares of the company’s stock, valued at $11,387,221.07. This trade represents a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

International Business Machines Trading Up 0.6%

NYSE IBM opened at $268.33 on Tuesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm’s fifty day moving average price is $244.11 and its 200 day moving average price is $237.11. The company has a market capitalization of $249.39 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 12 month low of $163.53 and a 12 month high of $269.14.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 earnings per share. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a dividend of $1.68 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.50%. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a research report on Wednesday, February 5th. Jefferies Financial Group reiterated a “hold” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. UBS Group reiterated a “sell” rating and set a $170.00 price target (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. Finally, Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.06.

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.