Jacobs & Co. CA Sells 1,421 Shares of International Business Machines Co. (NYSE:IBM)

Jacobs & Co. CA cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,429 shares of the technology company’s stock after selling 1,421 shares during the quarter. International Business Machines makes up about 1.4% of Jacobs & Co. CA’s investment portfolio, making the stock its 27th biggest position. Jacobs & Co. CA’s holdings in International Business Machines were worth $12,172,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of International Business Machines by 0.4% in the third quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after purchasing an additional 365,388 shares during the last quarter. BlackRock Inc. increased its stake in International Business Machines by 3.5% during the second quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock worth $9,907,942,000 after acquiring an additional 2,483,682 shares during the last quarter. State Street Corp increased its stake in International Business Machines by 1.7% during the second quarter. State Street Corp now owns 54,441,615 shares of the technology company’s stock worth $7,284,833,000 after acquiring an additional 903,042 shares during the last quarter. Morgan Stanley increased its stake in International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after acquiring an additional 3,084,458 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in International Business Machines by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after acquiring an additional 1,105,170 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $190.80 on Thursday. The firm has a 50 day moving average of $186.30 and a 200 day moving average of $163.98. The company has a market capitalization of $174.91 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 3.69 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) 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 the consensus estimate 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 quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.60 earnings per share. On average, sell-side analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Sanford C. Bernstein boosted their target price on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Stifel Nicolaus boosted their target price on International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Societe Generale restated a “sell” rating and set a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $176.85.

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.