Syntegra Private Wealth Group LLC Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

Syntegra Private Wealth Group LLC lessened its stake in International Business Machines Co. (NYSE:IBM) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 5,457 shares of the technology company’s stock after selling 194 shares during the quarter. Syntegra Private Wealth Group LLC’s holdings in International Business Machines were worth $1,200,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Vestia Personal Wealth Advisors purchased a new stake in International Business Machines during the 4th quarter worth $284,000. Tectonic Advisors LLC grew its stake in shares of International Business Machines by 5.8% during the fourth quarter. Tectonic Advisors LLC now owns 49,527 shares of the technology company’s stock valued at $10,888,000 after acquiring an additional 2,702 shares in the last quarter. Massachusetts Wealth Management increased its position in shares of International Business Machines by 17.3% during the fourth quarter. Massachusetts Wealth Management now owns 4,410 shares of the technology company’s stock worth $969,000 after acquiring an additional 650 shares during the last quarter. Lion Street Advisors LLC lifted its stake in shares of International Business Machines by 15.7% in the fourth quarter. Lion Street Advisors LLC now owns 6,624 shares of the technology company’s stock worth $1,456,000 after acquiring an additional 900 shares in the last quarter. Finally, Country Club Bank boosted its holdings in International Business Machines by 5.5% in the fourth quarter. Country Club Bank now owns 4,608 shares of the technology company’s stock valued at $1,015,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IBM shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. BMO Capital Markets upped their price target 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, January 30th. Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Jefferies Financial Group upped their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $225.53.

International Business Machines Trading Down 0.5 %

NYSE:IBM opened at $263.03 on Thursday. The firm has a market capitalization of $243.21 billion, a P/E ratio of 41.04, a P/E/G ratio of 5.63 and a beta of 0.76. The business has a 50 day simple moving average of $228.01 and a 200 day simple moving average of $215.86. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that International Business Machines Co. will post 10.73 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.54%. International Business Machines’s payout ratio is currently 104.21%.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.07% of the company’s stock.

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.