Bryn Mawr Capital Management LLC Sells 2,414 Shares of International Business Machines Co. (NYSE:IBM)

Bryn Mawr Capital Management LLC cut its position in shares of International Business Machines Co. (NYSE:IBM) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,794 shares of the technology company’s stock after selling 2,414 shares during the quarter. International Business Machines comprises 0.8% of Bryn Mawr Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Bryn Mawr Capital Management LLC’s holdings in International Business Machines were worth $15,563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. National Pension Service raised its position in shares of International Business Machines by 7.4% in the 4th quarter. National Pension Service now owns 2,129,145 shares of the technology company’s stock worth $468,050,000 after purchasing an additional 145,931 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in International Business Machines by 7.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,704 shares of the technology company’s stock valued at $1,034,000 after purchasing an additional 317 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of International Business Machines in the fourth quarter worth approximately $67,000. Longbow Finance SA lifted its stake in shares of International Business Machines by 5.0% in the fourth quarter. Longbow Finance SA now owns 25,785 shares of the technology company’s stock worth $5,668,000 after buying an additional 1,221 shares in the last quarter. Finally, Canton Hathaway LLC grew its holdings in shares of International Business Machines by 14.1% during the fourth quarter. Canton Hathaway LLC now owns 1,621 shares of the technology company’s stock valued at $356,000 after buying an additional 200 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Wedbush began coverage on International Business Machines in a report on Monday, February 3rd. They set an “outperform” rating on the stock. Morgan Stanley lifted their price target on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Finally, Bank of America upped their price target on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $231.44.

International Business Machines Stock Performance

International Business Machines stock opened at $257.12 on Wednesday. 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 $237.74 billion, a PE ratio of 40.11, a P/E/G ratio of 5.81 and a beta of 0.76. The company has a 50 day moving average price of $236.49 and a 200-day moving average price of $223.25. 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 issued its earnings results 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%. As a group, equities analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $1.67 dividend. The ex-dividend date is Monday, February 10th. This represents a $6.68 dividend on an annualized basis and a yield of 2.60%. International Business Machines’s dividend payout ratio is presently 104.21%.

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.