Horizon Bancorp Inc. IN Has $55,000 Stock Position in International Business Machines Co. (NYSE:IBM)

Horizon Bancorp Inc. IN lessened its stake in International Business Machines Co. (NYSE:IBM) by 44.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250 shares of the technology company’s stock after selling 198 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in International Business Machines were worth $55,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Cullen Investment Group LTD. boosted its position in shares of International Business Machines by 3.2% in the fourth quarter. Cullen Investment Group LTD. now owns 3,985 shares of the technology company’s stock valued at $876,000 after acquiring an additional 123 shares during the period. Tealwood Asset Management Inc. lifted its stake in International Business Machines by 19.6% in the 4th quarter. Tealwood Asset Management Inc. now owns 2,474 shares of the technology company’s stock valued at $544,000 after purchasing an additional 406 shares during the last quarter. Grandview Asset Management LLC acquired a new stake in shares of International Business Machines during the fourth quarter valued at about $1,189,000. Marcum Wealth LLC raised its stake in shares of International Business Machines by 0.5% during the fourth quarter. Marcum Wealth LLC now owns 10,127 shares of the technology company’s stock valued at $2,226,000 after acquiring an additional 52 shares during the last quarter. Finally, Traveka Wealth LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $209,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE IBM opened at $217.39 on Tuesday. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $239.35. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $222.14 and its 200-day simple moving average is $209.84. The company has a market cap of $201.01 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 5.18 and a beta of 0.74.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $15.08 billion. During the same quarter last year, the firm earned $2.20 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, 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 company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued 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 3.07%. International Business Machines’s dividend payout ratio (DPR) is 97.23%.

Insider Activity at International Business Machines

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IBM shares. Bank of America increased their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. DZ Bank lowered International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a report on Wednesday, October 2nd. BMO Capital Markets boosted their price objective on International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Sanford C. Bernstein upped their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus upped 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.