Hudson Edge Investment Partners Inc. Cuts Stake in International Business Machines Co. (NYSE:IBM)

Hudson Edge Investment Partners Inc. lessened its stake in shares of International Business Machines Co. (NYSE:IBM) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,098 shares of the technology company’s stock after selling 1,866 shares during the period. International Business Machines comprises about 1.2% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 18th biggest position. Hudson Edge Investment Partners Inc.’s holdings in International Business Machines were worth $6,616,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Marks Group Wealth Management Inc raised its holdings in shares of International Business Machines by 0.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company’s stock worth $2,292,000 after purchasing an additional 45 shares during the period. First Affirmative Financial Network grew its holdings in International Business Machines by 1.5% during the fourth quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company’s stock valued at $687,000 after purchasing an additional 46 shares during the period. Waterfront Wealth Inc. increased its position in International Business Machines by 2.0% in the fourth quarter. Waterfront Wealth Inc. now owns 2,393 shares of the technology company’s stock worth $526,000 after buying an additional 46 shares during the last quarter. Goldstein Advisors LLC raised its stake in shares of International Business Machines by 4.0% in the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company’s stock valued at $269,000 after buying an additional 47 shares during the period. Finally, Vertex Planning Partners LLC lifted its position in shares of International Business Machines by 3.6% during the 3rd quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company’s stock valued at $298,000 after buying an additional 47 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 opened at $261.77 on Friday. The firm has a market capitalization of $242.05 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 5.80 and a beta of 0.76. 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 Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The business’s 50-day moving average price is $235.27 and its 200-day moving average price is $221.81.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Sell-side analysts forecast that International Business Machines Co. will post 10.77 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is currently 104.21%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IBM. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Wedbush started coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an “outperform” rating on the stock. BMO Capital Markets raised their price objective on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a research 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 stock a “hold” rating in a report on Thursday, January 30th. Finally, Sanford C. Bernstein raised their price target on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.