Rice Partnership LLC Has $363,000 Holdings in International Business Machines Co. (NYSE:IBM)

Rice Partnership LLC lessened its position in shares of International Business Machines Co. (NYSE:IBM) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,651 shares of the technology company’s stock after selling 65 shares during the quarter. Rice Partnership LLC’s holdings in International Business Machines were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Resonant Capital Advisors LLC lifted its holdings in shares of International Business Machines by 7.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,429 shares of the technology company’s stock valued at $754,000 after purchasing an additional 224 shares in the last quarter. Catalina Capital Group LLC grew its position in shares of International Business Machines by 4.4% in the fourth quarter. Catalina Capital Group LLC now owns 3,811 shares of the technology company’s stock valued at $838,000 after purchasing an additional 159 shares during the last quarter. Princeton Global Asset Management LLC grew its position in shares of International Business Machines by 24.4% in the fourth quarter. Princeton Global Asset Management LLC now owns 780 shares of the technology company’s stock valued at $171,000 after purchasing an additional 153 shares during the last quarter. Chicago Capital LLC grew its position in International Business Machines by 31.3% during the fourth quarter. Chicago Capital LLC now owns 13,192 shares of the technology company’s stock worth $2,900,000 after buying an additional 3,144 shares in the last quarter. Finally, Means Investment CO. Inc. grew its position in International Business Machines by 2.8% during the fourth quarter. Means Investment CO. Inc. now owns 8,229 shares of the technology company’s stock worth $1,809,000 after buying an additional 221 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insider Activity at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. UBS Group raised their target price on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Morgan Stanley lifted their price target on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets boosted their target price on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $225.53.

International Business Machines Stock Performance

NYSE:IBM opened at $255.48 on Monday. The company’s 50-day moving average price is $226.61 and its 200-day moving average price is $214.76. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a market cap of $236.23 billion, a P/E ratio of 39.86, a P/E/G ratio of 5.63 and a beta of 0.74. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $261.80.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, sell-side analysts forecast that International Business Machines Co. will post 10.73 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 104.21%.

International Business Machines 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.