International Business Machines Co. (NYSE:IBM) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 84.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,400 shares of the technology company’s stock after selling 91,107 shares during the quarter. UniSuper Management Pty Ltd’s holdings in International Business Machines were worth $3,323,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Desjardins Global Asset Management Inc. boosted its holdings in shares of International Business Machines by 1.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after acquiring an additional 54 shares during the period. Arden Trust Co lifted its holdings in International Business Machines by 2.8% in the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after purchasing an additional 54 shares during the period. Calamos Wealth Management LLC lifted its holdings in International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after purchasing an additional 55 shares during the period. Avion Wealth lifted its holdings in International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its holdings in International Business Machines by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price objective 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. Jefferies Financial Group cut their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a report on Thursday, May 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of International Business Machines in a report on Wednesday, May 22nd. Finally, The Goldman Sachs Group began coverage on shares of International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $182.53.

International Business Machines Trading Down 0.0 %

NYSE IBM traded down $0.05 on Tuesday, hitting $184.10. 2,179,593 shares of the company were exchanged, compared to its average volume of 4,391,191. The firm has a market capitalization of $169.11 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 4.52 and a beta of 0.71. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $199.18. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The company’s 50 day moving average price is $173.50 and its 200-day moving average price is $178.77.

International Business Machines (NYSE:IBM) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Analysts predict that International Business Machines Co. will post 9.89 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a $1.67 dividend. This is an increase 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 3.63%. International Business Machines’s dividend payout ratio is currently 75.65%.

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.