First Interstate Bank Sells 120 Shares of International Business Machines Co. (NYSE:IBM)

First Interstate Bank decreased its stake in shares of International Business Machines Co. (NYSE:IBM) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,680 shares of the technology company’s stock after selling 120 shares during the period. First Interstate Bank’s holdings in International Business Machines were worth $275,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares in the last quarter. Morgan Stanley lifted its position in International Business Machines by 22.8% during the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after acquiring an additional 3,084,458 shares during the period. Charles Schwab Investment Management Inc. lifted its position in International Business Machines by 7.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after acquiring an additional 1,105,170 shares during the period. Moneta Group Investment Advisors LLC lifted its position in International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock valued at $1,553,876,000 after acquiring an additional 11,017,849 shares during the period. Finally, Northern Trust Corp lifted its position in International Business Machines by 4.2% during the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after acquiring an additional 404,948 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM stock traded up $2.50 during mid-day trading on Wednesday, hitting $183.75. The company had a trading volume of 4,473,654 shares, compared to its average volume of 3,265,758. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The stock’s 50 day moving average price is $188.63 and its 200-day moving average price is $168.44. The company has a market capitalization of $168.45 billion, a P/E ratio of 22.60, a P/E/G ratio of 3.55 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.60 earnings per share. Equities research analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on IBM shares. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. BMO Capital Markets lifted their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Stifel Nicolaus lifted their target price on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Societe Generale reiterated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $178.08.

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.