Orion Capital Management LLC Sells 300 Shares of International Business Machines Co. (NYSE:IBM)

Orion Capital Management LLC lowered its position in shares of International Business Machines Co. (NYSE:IBM) by 9.4% during the fourth quarter, HoldingsChannel reports. The fund owned 2,879 shares of the technology company’s stock after selling 300 shares during the quarter. Orion Capital Management LLC’s holdings in International Business Machines were worth $471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Essex Financial Services Inc. grew its position in International Business Machines by 2.7% during the 4th quarter. Essex Financial Services Inc. now owns 29,952 shares of the technology company’s stock worth $4,899,000 after acquiring an additional 791 shares during the last quarter. Oder Investment Management LLC grew its position in International Business Machines by 65.7% during the 4th quarter. Oder Investment Management LLC now owns 8,242 shares of the technology company’s stock worth $1,348,000 after acquiring an additional 3,269 shares during the last quarter. Hexagon Capital Partners LLC grew its position in shares of International Business Machines by 10.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 7,241 shares of the technology company’s stock valued at $1,184,000 after buying an additional 694 shares during the last quarter. Sequent Asset Management LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $322,000. Finally, Savant Capital LLC grew its position in shares of International Business Machines by 0.4% in the 4th quarter. Savant Capital LLC now owns 50,312 shares of the technology company’s stock valued at $8,229,000 after buying an additional 217 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research report on Wednesday, April 17th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group upped their price target on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. Morgan Stanley reduced their price target on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, BMO Capital Markets reduced their price target 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, April 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $184.08.

International Business Machines Stock Up 0.0 %

IBM stock traded up $0.04 during trading on Wednesday, reaching $166.24. 2,716,389 shares of the stock were exchanged, compared to its average volume of 4,993,108. The firm’s 50 day moving average is $186.85 and its 200 day moving average is $170.91. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The firm has a market cap of $152.40 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 4.10 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share 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 for the quarter, compared to the consensus estimate of $14.53 billion. During the same period in the prior year, the business earned $1.36 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, research analysts forecast that International Business Machines Co. will post 9.98 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a dividend of $1.67 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 4.02%. International Business Machines’s dividend payout ratio is 75.20%.

About International Business Machines

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.