SignalPoint Asset Management LLC Sells 103 Shares of International Business Machines Co. (NYSE:IBM)

SignalPoint Asset Management LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,893 shares of the technology company’s stock after selling 103 shares during the period. SignalPoint Asset Management LLC’s holdings in International Business Machines were worth $636,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC bought a new stake in International Business Machines during the second quarter worth about $28,000. Live Oak Investment Partners bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $30,000. Briaud Financial Planning Inc bought a new stake in shares of International Business Machines during the 3rd quarter worth approximately $31,000. PCA Investment Advisory Services Inc. bought a new stake in International Business Machines during the second quarter worth $31,000. Finally, Stone House Investment Management LLC raised its position in International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 56.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBM. Sanford C. Bernstein upped their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Jefferies Financial Group assumed coverage on International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 target price for the company. BMO Capital Markets lifted their target price on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus lifted their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $176.85.

International Business Machines Price Performance

IBM traded down $0.29 on Tuesday, hitting $188.50. 4,225,410 shares of the stock were exchanged, compared to its average volume of 5,273,235. The firm has a market capitalization of $172.81 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.74 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The business has a 50-day moving average of $185.87 and a two-hundred day moving average of $163.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.60 EPS. Sell-side analysts forecast that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.52%. International Business Machines’s payout ratio is 81.67%.

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.