Rational Advisors LLC Sells 1,998 Shares of International Business Machines Co. (NYSE:IBM)

Rational Advisors LLC trimmed its holdings in shares of International Business Machines Co. (NYSE:IBM) by 31.5% during the fourth quarter, HoldingsChannel reports. The fund owned 4,353 shares of the technology company’s stock after selling 1,998 shares during the quarter. Rational Advisors LLC’s holdings in International Business Machines were worth $957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Creative Planning increased its holdings in International Business Machines by 5.1% in the third quarter. Creative Planning now owns 300,740 shares of the technology company’s stock valued at $66,488,000 after purchasing an additional 14,677 shares during the period. Stratos Investment Management LLC acquired a new stake in shares of International Business Machines in the third quarter valued at about $413,000. Embree Financial Group raised its position in shares of International Business Machines by 4.0% during the third quarter. Embree Financial Group now owns 1,595 shares of the technology company’s stock worth $353,000 after acquiring an additional 62 shares during the last quarter. Chicago Capital LLC lifted its stake in shares of International Business Machines by 12.3% in the third quarter. Chicago Capital LLC now owns 10,048 shares of the technology company’s stock worth $2,221,000 after acquiring an additional 1,098 shares during the period. Finally, Veracity Capital LLC boosted its holdings in International Business Machines by 1.5% in the third quarter. Veracity Capital LLC now owns 4,936 shares of the technology company’s stock valued at $1,091,000 after acquiring an additional 74 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM stock opened at $260.65 on Monday. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The firm has a market capitalization of $241.01 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The firm has a fifty day simple moving average of $232.08 and a two-hundred day simple moving average of $219.45. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts forecast that International Business Machines Co. will post 10.75 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.56%. International Business Machines’s payout ratio is 104.21%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IBM. Morgan Stanley raised their price target on shares of International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Wedbush began coverage on International Business Machines in a research note on Monday, February 3rd. They issued an “outperform” rating on the stock. Finally, Oppenheimer initiated coverage on International Business Machines in a research note on Tuesday, February 11th. They set an “outperform” rating and a $320.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $231.44.

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.