International Business Machines Co. (NYSE:IBM) Shares Sold by Israel Discount Bank of New York

Israel Discount Bank of New York lowered its position in International Business Machines Co. (NYSE:IBM) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,148 shares of the technology company’s stock after selling 86 shares during the quarter. Israel Discount Bank of New York’s holdings in International Business Machines were worth $678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Desjardins Global Asset Management Inc. grew its stake in shares of International Business Machines by 1.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after purchasing an additional 54 shares during the last quarter. Calamos Wealth Management LLC boosted its stake in International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after acquiring an additional 55 shares during the last quarter. Avion Wealth boosted its stake in International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after acquiring an additional 56 shares during the last quarter. Northwest Capital Management Inc boosted its stake in International Business Machines by 5.0% in the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock valued at $201,000 after acquiring an additional 59 shares during the last quarter. Finally, Financial Security Advisor Inc. boosted its stake in International Business Machines by 2.7% in the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on IBM. Jefferies Financial Group reduced their price objective on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Royal Bank of Canada increased their target price on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $200.00 in a report on Friday, January 19th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, Sanford C. Bernstein raised their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $184.08.

International Business Machines Stock Down 0.4 %

Shares of IBM traded down $0.60 during trading hours on Monday, reaching $166.53. 2,739,366 shares of the stock traded hands, compared to its average volume of 4,978,494. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The stock has a fifty day simple moving average of $187.60 and a 200 day simple moving average of $170.53. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a market cap of $152.67 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 4.08 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.36 earnings per share. On average, equities analysts forecast that International Business Machines Co. will post 9.99 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.99%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is 75.20%.

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.