Transcend Capital Advisors LLC Trims Stake in International Business Machines Co. (NYSE:IBM)

Transcend Capital Advisors LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 57,056 shares of the technology company’s stock after selling 328 shares during the period. International Business Machines makes up about 0.8% of Transcend Capital Advisors LLC’s holdings, making the stock its 23rd biggest holding. Transcend Capital Advisors LLC’s holdings in International Business Machines were worth $9,331,000 as of its most recent filing with the SEC.

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

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $1.78 during midday trading on Friday, hitting $167.13. The company had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 0.93. The company has a market cap of $153.21 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.33 and a beta of 0.70. The company has a fifty day moving average of $187.60 and a two-hundred day moving average of $170.15.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (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 business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the prior year, the business posted $1.36 EPS. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Co. will post 9.99 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 price objective on shares of International Business Machines in a research report on Wednesday, April 17th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets lowered their price objective on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday. Morgan Stanley lowered their price target on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Societe Generale reissued a “sell” rating and set a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.