International Business Machines Co. (NYSE:IBM) Shares Sold by Marquette Asset Management LLC

Marquette Asset Management LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 958 shares of the technology company’s stock after selling 108 shares during the period. Marquette Asset Management LLC’s holdings in International Business Machines were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Naples Money Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $28,000. Briaud Financial Planning Inc purchased a new position in shares of International Business Machines during the 3rd quarter worth approximately $31,000. Stone House Investment Management LLC boosted its position in shares of International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares during the period. Financial Gravity Asset Management Inc. boosted its position in shares of International Business Machines by 67.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Finally, Cordant Inc. boosted its position in shares of International Business Machines by 753.3% during the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after purchasing an additional 226 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 1.1 %

Shares of IBM traded down $1.78 during midday trading on Friday, reaching $167.13. The stock had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The company’s fifty day simple moving average is $187.60 and its two-hundred day simple moving average is $170.34. The company has a market cap of $153.21 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 3.30 and a beta of 0.70. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 0.93.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 24th. 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 for the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the business earned $1.36 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Equities research analysts expect that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.97%. International Business Machines’s dividend payout ratio is currently 75.20%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on IBM shares. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. UBS Group increased their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. Societe Generale reaffirmed a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. BMO Capital Markets lowered their price objective on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, 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 research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $184.08.

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.