International Business Machines Co. (NYSE:IBM) Position Decreased by MPS Loria Financial Planners LLC

MPS Loria Financial Planners LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,276 shares of the technology company’s stock after selling 170 shares during the period. MPS Loria Financial Planners LLC’s holdings in International Business Machines were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Naples Money Management LLC acquired a new position in shares of International Business Machines in the fourth quarter worth about $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the fourth quarter worth about $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines in the fourth quarter worth about $31,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in shares of International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after buying an additional 123 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of International Business Machines by 54.6% in the first quarter. Versant Capital Management Inc now owns 218 shares of the technology company’s stock worth $42,000 after buying an additional 77 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on IBM. UBS Group raised their target price on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Stifel Nicolaus restated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a report on Thursday, May 16th. Morgan Stanley decreased their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. The Goldman Sachs Group began coverage on shares of International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price target for the company. Finally, BNP Paribas began coverage on shares of International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $182.53.

International Business Machines Stock Up 1.2 %

IBM traded up $2.10 during midday trading on Friday, hitting $172.95. 4,193,459 shares of the company’s stock traded hands, compared to its average volume of 3,570,876. The company has a market cap of $158.87 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 4.27 and a beta of 0.72. The stock’s fifty day simple moving average is $169.95 and its 200-day simple moving average is $176.48. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. International Business Machines Co. has a one year low of $131.55 and a one year high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $14.53 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines Co. will post 9.9 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a $1.67 dividend. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.86%. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

About International Business Machines

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.