International Business Machines Co. (NYSE:IBM) Shares Sold by MGO One Seven LLC

MGO One Seven LLC cut its holdings in International Business Machines Co. (NYSE:IBM) by 4.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,292 shares of the technology company’s stock after selling 1,132 shares during the period. MGO One Seven LLC’s holdings in International Business Machines were worth $3,973,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its holdings in shares of International Business Machines by 20.3% during the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after purchasing an additional 80,474 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 57,170 shares during the last quarter. Tsfg LLC grew its holdings in shares of International Business Machines by 40.5% during the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after purchasing an additional 109 shares during the last quarter. Auxano Advisors LLC grew its holdings in shares of International Business Machines by 4.8% during the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 156 shares during the last quarter. Finally, Waverly Advisors LLC grew its holdings in shares of International Business Machines by 48.1% during the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock worth $2,763,000 after purchasing an additional 6,397 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IBM shares. Jefferies Financial Group lowered their price target on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Sanford C. Bernstein boosted their price target 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. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BNP Paribas assumed coverage on International Business Machines in a research report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 price target on the stock. Finally, Bank of America boosted their price target on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $181.29.

International Business Machines Price Performance

IBM stock traded down $2.33 on Tuesday, reaching $168.05. The company had a trading volume of 163,122 shares, compared to its average volume of 4,582,718. International Business Machines Co. has a 1 year low of $129.18 and a 1 year high of $199.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The company’s fifty day moving average is $174.04 and its 200 day moving average is $175.46. The company has a market cap of $154.37 billion, a P/E ratio of 19.03, a PEG ratio of 4.19 and a beta of 0.72.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the prior year, the company earned $1.36 EPS. International Business Machines’s revenue was up 1.5% on a year-over-year basis. On average, research analysts forecast that International Business Machines Co. will post 9.91 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is currently 75.65%.

About International Business Machines

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.