Signaturefd LLC Sells 137 Shares of International Business Machines Co. (NYSE:IBM)

Signaturefd LLC trimmed its stake in International Business Machines Co. (NYSE:IBM) by 0.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 20,241 shares of the technology company’s stock after selling 137 shares during the quarter. Signaturefd LLC’s holdings in International Business Machines were worth $3,501,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in International Business Machines in the 1st quarter worth approximately $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines in the first quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $31,000. Finally, Financial Synergies Wealth Advisors Inc. raised its holdings in shares of International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after acquiring an additional 123 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IBM. BNP Paribas began coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price for the company. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Jefferies Financial Group increased their target price on shares of International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus boosted their price target on International Business Machines from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average price target of $184.93.

International Business Machines Stock Performance

IBM stock traded up $3.17 during trading on Friday, hitting $202.07. 4,750,676 shares of the company’s stock traded hands, compared to its average volume of 4,243,869. The stock has a market capitalization of $185.62 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 4.24 and a beta of 0.71. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $202.17. The stock has a fifty day moving average price of $185.98 and a two-hundred day moving average price of $181.83. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the firm earned $2.18 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines Co. will post 10.06 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is 75.65%.

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.