International Business Machines Co. (NYSE:IBM) Shares Sold by Francis Financial Inc.

Francis Financial Inc. cut its position in shares of International Business Machines Co. (NYSE:IBM) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,458 shares of the technology company’s stock after selling 184 shares during the period. Francis Financial Inc.’s holdings in International Business Machines were worth $469,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Naples Money Management LLC purchased a new stake in International Business Machines during the fourth quarter worth $28,000. Creekmur Asset Management LLC purchased a new position in International Business Machines during the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in International Business Machines during the fourth quarter valued at $31,000. Financial Synergies Wealth Advisors Inc. lifted its holdings in International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after purchasing an additional 123 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in International Business Machines by 54.6% during the first quarter. Versant Capital Management Inc now owns 218 shares of the technology company’s stock valued at $42,000 after purchasing an additional 77 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on IBM shares. The Goldman Sachs Group started coverage on shares of International Business Machines in a report on Monday, June 24th. They set a “buy” rating and a $200.00 price objective on the stock. UBS Group increased their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a report on Monday, April 22nd. Bank of America increased their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Wedbush increased their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, Jefferies Financial Group reduced their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average target price of $182.53.

International Business Machines Price Performance

International Business Machines stock opened at $172.95 on Monday. International Business Machines Co. has a 12-month low of $131.55 and a 12-month high of $199.18. The stock has a market cap of $158.87 billion, a P/E ratio of 19.59, a PEG ratio of 4.27 and a beta of 0.71. The company has a 50-day moving average price of $169.95 and a 200 day moving average price of $176.57. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last announced its quarterly 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. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same period last year, the business earned $1.36 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. 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%.

International Business Machines 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.