International Business Machines Corporation $IBM is Sargent Investment Group LLC’s 10th Largest Position

Sargent Investment Group LLC lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,810 shares of the technology company’s stock after selling 2,601 shares during the period. International Business Machines accounts for 2.0% of Sargent Investment Group LLC’s investment portfolio, making the stock its 10th largest holding. Sargent Investment Group LLC’s holdings in International Business Machines were worth $16,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CVA Family Office LLC grew its position in shares of International Business Machines by 1.4% in the fourth quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock valued at $708,000 after purchasing an additional 33 shares during the period. Foster Group Inc. grew its position in shares of International Business Machines by 1.3% in the fourth quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock valued at $742,000 after purchasing an additional 33 shares during the period. New Covenant Trust Company N.A. grew its position in shares of International Business Machines by 3.8% in the fourth quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after purchasing an additional 33 shares during the period. McGowan Group Asset Management Inc. grew its position in shares of International Business Machines by 1.2% in the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after purchasing an additional 33 shares during the period. Finally, Altman Advisors Inc. grew its position in shares of International Business Machines by 0.3% in the third quarter. Altman Advisors Inc. now owns 9,929 shares of the technology company’s stock valued at $2,802,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IBM shares. Jefferies Financial Group lowered their price objective on International Business Machines from $370.00 to $320.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Barclays assumed coverage on International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 target price on the stock. HSBC upgraded International Business Machines from a “reduce” rating to a “hold” rating and lifted their target price for the company from $218.00 to $231.00 in a report on Tuesday, April 28th. Roth Mkm reiterated a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Finally, Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $304.17.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $271.77 on Monday. The business’s fifty day moving average price is $250.02 and its 200 day moving average price is $270.10. The stock has a market capitalization of $255.43 billion, a P/E ratio of 24.03, a PEG ratio of 2.82 and a beta of 0.66. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 earnings per share. As a group, research analysts anticipate that International Business Machines Corporation will post 12.38 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, May 8th. International Business Machines’s payout ratio is presently 59.77%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.