Bessemer Group Inc. decreased its stake in International Business Machines Corp. (NYSE:IBM) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,402 shares of the technology company’s stock after selling 6,142 shares during the period. Bessemer Group Inc.’s holdings in International Business Machines were worth $6,659,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. ETF Managers Group LLC bought a new position in shares of International Business Machines during the second quarter valued at $121,000. Price Wealth Management Inc. bought a new position in shares of International Business Machines during the fourth quarter valued at $122,000. Cerebellum GP LLC bought a new position in shares of International Business Machines during the fourth quarter valued at $126,000. Horan Capital Advisors LLC. bought a new position in shares of International Business Machines during the third quarter valued at $136,000. Finally, MPS Loria Financial Planners LLC bought a new position in International Business Machines during the second quarter worth $156,000. 57.10% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts recently weighed in on IBM shares. Societe Generale set a $149.00 target price on shares of International Business Machines and gave the stock a “sell” rating in a research note on Friday, January 19th. Barclays raised shares of International Business Machines from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $133.00 to $192.00 in a research note on Wednesday, January 17th. Royal Bank of Canada reissued a “hold” rating and set a $160.00 target price on shares of International Business Machines in a research note on Wednesday, November 15th. Cantor Fitzgerald reissued a “hold” rating and set a $152.00 target price on shares of International Business Machines in a research note on Friday, January 19th. Finally, Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 target price for the company in a research note on Wednesday, December 6th. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $166.01.

In other International Business Machines news, Director Frederick H. Waddell acquired 610 shares of International Business Machines stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average cost of $163.38 per share, for a total transaction of $99,661.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Erich Clementi sold 13,000 shares of International Business Machines stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $154.66, for a total transaction of $2,010,580.00. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Shares of International Business Machines Corp. (IBM) opened at $158.12 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. The company has a market cap of $145,660.00, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. International Business Machines Corp. has a twelve month low of $139.13 and a twelve month high of $179.00.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. The business had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $5.01 earnings per share. equities analysts predict that International Business Machines Corp. will post 13.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 49.83%.

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International Business Machines Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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