International Business Machines Corporation (NYSE:IBM) Shares Sold by Moisand Fitzgerald Tamayo LLC

Moisand Fitzgerald Tamayo LLC lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449 shares of the technology company’s stock after selling 42 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in International Business Machines were worth $112,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in International Business Machines in the 4th quarter valued at about $31,000. Rialto Wealth Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at about $35,000. Tacita Capital Inc raised its holdings in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after acquiring an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. acquired a new stake in International Business Machines in the 4th quarter valued at about $43,000. Finally, Park Square Financial Group LLC acquired a new stake in International Business Machines in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on IBM. Bank of America increased their price objective on shares of International Business Machines from $290.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Morgan Stanley dropped their price target on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Wedbush increased their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday. Finally, UBS Group reissued a “sell” rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $253.75.

International Business Machines Stock Performance

NYSE:IBM opened at $280.67 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market capitalization of $260.85 billion, a P/E ratio of 48.31, a PEG ratio of 5.90 and a beta of 0.66. The company has a 50 day moving average price of $257.71 and a 200 day moving average price of $245.64. International Business Machines Corporation has a fifty-two week low of $170.41 and a fifty-two week high of $286.91.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $1.68 EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.39%. International Business Machines’s dividend payout ratio is 115.66%.

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.