International Business Machines Co. (NYSE:IBM) Stock Position Lowered by Opinicus Capital Inc.

Opinicus Capital Inc. lessened its position in International Business Machines Co. (NYSE:IBM) by 3.4% in the 1st quarter, Holdings Channel reports. The fund owned 2,878 shares of the technology company’s stock after selling 101 shares during the period. Opinicus Capital Inc.’s holdings in International Business Machines were worth $550,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Desjardins Global Asset Management Inc. lifted its position in International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after buying an additional 54 shares in the last quarter. Arden Trust Co raised its holdings in shares of International Business Machines by 2.8% during the 1st quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after purchasing an additional 54 shares in the last quarter. Calamos Wealth Management LLC raised its holdings in shares of International Business Machines by 2.8% during the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after purchasing an additional 55 shares in the last quarter. Avion Wealth raised its holdings in shares of International Business Machines by 6.2% during the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after purchasing an additional 56 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock valued at $1,309,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM traded up $2.10 during mid-day trading on Friday, hitting $172.95. 4,193,459 shares of the stock were exchanged, compared to its average volume of 3,570,876. The company has a market cap of $158.87 billion, a P/E ratio of 19.59, a PEG ratio of 4.21 and a beta of 0.72. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. International Business Machines Co. has a twelve month low of $131.55 and a twelve month high of $199.18. The stock’s fifty day simple moving average is $169.95 and its two-hundred day simple moving average is $176.40.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. As a group, analysts forecast that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date was Thursday, May 9th. International Business Machines’s dividend payout ratio is presently 75.65%.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. BNP Paribas started coverage on shares of International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target on the stock. Morgan Stanley lowered their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Sanford C. Bernstein raised their target price on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. lowered their target price on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $182.53.

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.