Access Financial Services Inc. Has $1.59 Million Position in International Business Machines Co. (NYSE:IBM)

Access Financial Services Inc. reduced its holdings in International Business Machines Co. (NYSE:IBM) by 9.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,221 shares of the technology company’s stock after selling 749 shares during the quarter. Access Financial Services Inc.’s holdings in International Business Machines were worth $1,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. M.E. Allison & CO. Inc. acquired a new stake in International Business Machines in the 4th quarter valued at $1,034,000. Trueblood Wealth Management LLC increased its stake in shares of International Business Machines by 18.8% during the 4th quarter. Trueblood Wealth Management LLC now owns 3,287 shares of the technology company’s stock worth $722,000 after purchasing an additional 519 shares during the last quarter. Diversify Wealth Management LLC increased its stake in shares of International Business Machines by 5.3% during the 4th quarter. Diversify Wealth Management LLC now owns 15,577 shares of the technology company’s stock worth $3,423,000 after purchasing an additional 787 shares during the last quarter. Terra Nova Asset Management LLC increased its stake in shares of International Business Machines by 2.0% during the 4th quarter. Terra Nova Asset Management LLC now owns 10,844 shares of the technology company’s stock worth $2,384,000 after purchasing an additional 212 shares during the last quarter. Finally, RoundAngle Advisors LLC acquired a new position in shares of International Business Machines during the 4th quarter worth about $1,847,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent analyst reports. Bank of America boosted 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 note on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Morgan Stanley boosted their price objective on shares of International Business Machines from $208.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price target on the stock. in a research note on Wednesday, October 2nd. 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 note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $216.87.

International Business Machines Stock Performance

NYSE IBM opened at $224.73 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a P/E/G ratio of 4.71 and a beta of 0.74. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The firm has a 50-day moving average price of $222.87 and a two-hundred day moving average price of $210.89.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share 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 company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the prior year, the firm posted $2.20 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts anticipate that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were 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 approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by 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.