International Business Machines Corporation (NYSE:IBM) Shares Sold by MBA Advisors LLC

by · The Cerbat Gem

MBA Advisors LLC reduced its stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,514 shares of the technology company’s stock after selling 93 shares during the quarter. MBA Advisors LLC’s holdings in International Business Machines were worth $1,371,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Capital World Investors raised its holdings in shares of International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock valued at $2,634,577,000 after buying an additional 9,650,534 shares during the last quarter. Norges Bank acquired a new stake in International Business Machines in the 4th quarter valued at approximately $1,236,176,000. GAMMA Investing LLC raised its stake in International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock valued at $10,940,520,000 after acquiring an additional 4,384,958 shares in the last quarter. Raymond James Financial Inc. bought a new stake in International Business Machines during the 4th quarter valued at $592,746,000. Finally, Northern Trust Corp boosted its position in International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IBM. UBS Group reissued a “sell” rating and set a $170.00 price target (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush raised their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Royal Bank Of Canada upped their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $257.50.

Get Our Latest Stock Analysis on International Business Machines

International Business Machines Trading Up 1.4%

International Business Machines stock opened at $291.66 on Friday. The firm has a market cap of $271.06 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 6.04 and a beta of 0.69. International Business Machines Corporation has a 1 year low of $173.95 and a 1 year high of $296.16. The firm’s 50 day moving average price is $267.18 and its two-hundred day moving average price is $249.22. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01.

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. The business had revenue of $14.54 billion for the quarter, compared to analysts’ expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 EPS. On average, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.30%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is presently 115.66%.

About International Business Machines

(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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