International Business Machines Co. (NYSE:IBM) Shares Sold by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 6.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,515 shares of the technology company’s stock after selling 1,150 shares during the period. N.E.W. Advisory Services LLC’s holdings in International Business Machines were worth $2,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Vontobel Holding Ltd. boosted its holdings in International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after purchasing an additional 80,474 shares during the last quarter. Natixis Advisors L.P. grew its holdings in International Business Machines by 18.1% during the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after acquiring an additional 57,170 shares during the period. Herold Advisors Inc. raised its position in International Business Machines by 3.2% during the third quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after acquiring an additional 688 shares in the last quarter. Tsfg LLC lifted its holdings in International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares during the period. Finally, Auxano Advisors LLC boosted its position in International Business Machines by 4.8% in the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent research reports. BMO Capital Markets cut their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. decreased their price objective on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. UBS Group raised their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Finally, Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $181.29.

International Business Machines Price Performance

Shares of International Business Machines stock traded up $2.93 during trading hours on Monday, reaching $168.64. 4,221,712 shares of the company’s stock were exchanged, compared to its average volume of 4,970,316. The business has a fifty day moving average of $185.44 and a two-hundred day moving average of $171.66. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $154.91 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the prior year, the company earned $1.36 EPS. International Business Machines’s revenue was up 1.5% compared to the same quarter last year. As a group, research analysts predict that International Business Machines Co. will post 9.92 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.96%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date is Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.20%.

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.