Michael S. Ryan Inc. Has $451,000 Holdings in International Business Machines Co. (NYSE:IBM)

Michael S. Ryan Inc. trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,052 shares of the technology company’s stock after selling 58 shares during the period. Michael S. Ryan Inc.’s holdings in International Business Machines were worth $451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Legacy Private Trust Co. lifted its position in International Business Machines by 2.5% during the 4th quarter. Legacy Private Trust Co. now owns 3,070 shares of the technology company’s stock valued at $675,000 after purchasing an additional 75 shares during the period. First Hawaiian Bank boosted its stake in International Business Machines by 6.7% in the fourth quarter. First Hawaiian Bank now owns 15,722 shares of the technology company’s stock valued at $3,456,000 after acquiring an additional 985 shares during the last quarter. InvesTrust bought a new position in International Business Machines in the fourth quarter valued at approximately $7,851,000. Range Financial Group LLC grew its holdings in International Business Machines by 145.9% during the 4th quarter. Range Financial Group LLC now owns 7,307 shares of the technology company’s stock worth $1,606,000 after acquiring an additional 4,336 shares during the period. Finally, Spartan Planning & Wealth Management acquired a new position in shares of International Business Machines in the 4th quarter valued at $371,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on IBM. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Stifel Nicolaus increased their price target on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Sanford C. Bernstein upped their target price on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI upped their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $214.88.

International Business Machines Stock Down 0.4 %

IBM stock traded down $0.81 during mid-day trading on Wednesday, reaching $223.15. The company had a trading volume of 2,590,256 shares, compared to its average volume of 3,037,873. The company has a market capitalization of $206.33 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 5.18 and a beta of 0.74. International Business Machines Co. has a 52 week low of $159.51 and a 52 week high of $239.35. The stock has a 50 day simple moving average of $221.01 and a two-hundred day simple moving average of $208.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share 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 during the quarter, compared to analysts’ expectations of $15.08 billion. During the same period last year, the business earned $2.20 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.