Ceera Investments LLC Has $1.96 Million Stock Holdings in International Business Machines Corporation (NYSE:IBM)

Ceera Investments LLC trimmed its stake in shares of International Business Machines Corporation (NYSE:IBM) by 8.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,883 shares of the technology company’s stock after selling 735 shares during the quarter. Ceera Investments LLC’s holdings in International Business Machines were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines during the fourth quarter worth about $35,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of International Business Machines during the 1st quarter worth approximately $45,000. Park Square Financial Group LLC purchased a new position in shares of International Business Machines in the 4th quarter worth approximately $43,000. Finally, Park Place Capital Corp grew its holdings in shares of International Business Machines by 42.6% in the first quarter. Park Place Capital Corp now owns 194 shares of the technology company’s stock valued at $48,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IBM shares. The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America raised their price objective on shares of International Business Machines from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, Wedbush lifted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $257.50.

International Business Machines Trading Up 1.4%

Shares of IBM opened at $291.66 on Friday. The company has a market cap of $271.06 billion, a P/E ratio of 50.20, a P/E/G ratio of 6.13 and a beta of 0.69. The company’s fifty day simple moving average is $268.36 and its 200-day simple moving average is $249.65. International Business Machines Corporation has a twelve month low of $173.95 and a twelve month high of $296.16. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period last year, the company posted $1.68 earnings per share. International Business Machines’s revenue was up .5% compared to the same quarter last year. As a group, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.30%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is 115.66%.

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.