Michael S. Ryan Inc. Sells 58 Shares of International Business Machines Co. (NYSE:IBM)

Michael S. Ryan Inc. trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,052 shares of the technology company’s stock after selling 58 shares during the quarter. Michael S. Ryan Inc.’s holdings in International Business Machines were worth $451,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in International Business Machines by 20,324.5% during the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock worth $600,373,000 after buying an additional 2,702,340 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of International Business Machines during the 3rd quarter worth $573,306,000. State Street Corp increased its position in shares of International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock worth $12,307,940,000 after purchasing an additional 1,200,803 shares during the period. Thrivent Financial for Lutherans raised its stake in International Business Machines by 306.3% in the second quarter. Thrivent Financial for Lutherans now owns 1,401,798 shares of the technology company’s stock valued at $242,441,000 after purchasing an additional 1,056,759 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in International Business Machines by 587.1% during the third quarter. Eagle Asset Management Inc. now owns 628,213 shares of the technology company’s stock worth $134,262,000 after buying an additional 536,785 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insiders Place Their Bets

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

International Business Machines Trading Down 0.4 %

NYSE:IBM traded down $0.81 on Wednesday, reaching $223.15. 2,590,256 shares of the stock traded hands, compared to its average volume of 3,037,873. The firm has a market capitalization of $206.33 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a 1-year low of $159.51 and a 1-year high of $239.35. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The company’s 50 day moving average is $221.01 and its 200-day moving average is $208.49.

International Business Machines (NYSE:IBM) last released 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 net margin of 10.22% and a return on equity of 40.52%. The business had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the business earned $2.20 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a yield of 2.99%. International Business Machines’s payout ratio is currently 97.23%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. The Goldman Sachs Group boosted their price target on International Business Machines from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Evercore ISI raised their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Jefferies Financial Group increased their target price on shares of International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Finally, Stifel Nicolaus lifted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $214.88.

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.