Hunter Associates Investment Management LLC Has $1.68 Million Holdings in International Business Machines Co. (NYSE:IBM)

Hunter Associates Investment Management LLC cut its position in shares of International Business Machines Co. (NYSE:IBM) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,266 shares of the technology company’s stock after selling 175 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in International Business Machines were worth $1,683,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of IBM. Cantor Fitzgerald Investment Advisor L.P grew its holdings in International Business Machines by 97.6% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock worth $33,459,000 after purchasing an additional 127,093 shares during the period. Roundview Capital LLC acquired a new stake in International Business Machines in the first quarter worth $203,000. Sei Investments Co. grew its holdings in International Business Machines by 35.7% in the first quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock worth $23,157,000 after purchasing an additional 46,756 shares during the period. Candriam Luxembourg S.C.A. grew its holdings in shares of International Business Machines by 1.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after buying an additional 1,821 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of International Business Machines by 1.5% during the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after buying an additional 5,506 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $190.00 price objective on shares of International Business Machines in a report on Wednesday. Bank of America lifted their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Sanford C. Bernstein lifted 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 report on Thursday, March 7th. Jefferies Financial Group initiated coverage on shares of International Business Machines in a report on Friday, January 5th. They set a “hold” rating and a $180.00 price objective for the company. Finally, StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $178.67.

International Business Machines Stock Performance

Shares of IBM stock opened at $181.58 on Friday. The firm has a market cap of $166.46 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 3.57 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The firm’s 50-day simple moving average is $188.46 and its two-hundred day simple moving average is $169.11.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.60 earnings per share. As a group, equities analysts forecast that International Business Machines Co. will post 10.04 earnings per share for the current year.

International Business Machines Announces Dividend

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 3.66%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s dividend payout ratio is 81.67%.

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.