International Business Machines Co. (NYSE:IBM) Holdings Trimmed by Investment Advisory Group LLC

Investment Advisory Group LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,247 shares of the technology company’s stock after selling 88 shares during the quarter. Investment Advisory Group LLC’s holdings in International Business Machines were worth $368,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IBM. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in shares of International Business Machines by 97.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock valued at $33,459,000 after purchasing an additional 127,093 shares during the last quarter. Roundview Capital LLC purchased a new stake in shares of International Business Machines during the first quarter valued at $203,000. Sei Investments Co. lifted its holdings in shares of International Business Machines by 35.7% during the first quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after purchasing an additional 46,756 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of International Business Machines by 1.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of International Business Machines by 1.5% during the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after purchasing an additional 5,506 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock traded up $2.89 during midday trading on Tuesday, hitting $184.14. 2,269,116 shares of the company were exchanged, compared to its average volume of 4,823,411. 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 firm has a market cap of $168.81 billion, a P/E ratio of 22.63, a PEG ratio of 3.57 and a beta of 0.70. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The firm has a 50 day simple moving average of $188.62 and a 200-day simple moving average of $168.13.

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

International Business Machines Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Sanford C. Bernstein upped their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Stifel Nicolaus upped their target price on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Societe Generale reaffirmed a “sell” rating and issued a $143.00 target price on shares of International Business Machines in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.