Silver Lake Advisory LLC Sells 790 Shares of International Business Machines Corporation (NYSE:IBM)

by · The Cerbat Gem

Silver Lake Advisory LLC reduced its position in International Business Machines Corporation (NYSE:IBM – Free Report) by 31.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,732 shares of the technology company’s stock after selling 790 shares during the period. Silver Lake Advisory LLC’s holdings in International Business Machines were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Vision Financial Markets LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth $31,000. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $35,000. Tacita Capital Inc increased its position in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after acquiring an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. bought a new position in International Business Machines during the 4th quarter valued at about $43,000. Finally, Park Square Financial Group LLC bought a new position in shares of International Business Machines during the fourth quarter valued at approximately $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

International Business Machines stock opened at $293.89 on Wednesday. The firm has a market capitalization of $273.14 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 6.07 and a beta of 0.66. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 52-week low of $170.41 and a 52-week high of $294.60. The company has a fifty day simple moving average of $259.78 and a 200-day simple moving average of $246.40.

International Business Machines (NYSE:IBM – Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period last year, the company earned $1.68 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.29%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is currently 115.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on IBM shares. Morgan Stanley reduced their price target on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Wedbush upped their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $253.75.

View Our Latest Analysis on IBM

International Business Machines Company Profile

(Free Report)

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.

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