International Business Machines Co. (NYSE:IBM) Shares Sold by Roth Financial Partners LLC

Roth Financial Partners LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 41.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,200 shares of the technology company’s stock after selling 2,234 shares during the quarter. International Business Machines comprises 0.3% of Roth Financial Partners LLC’s investment portfolio, making the stock its 17th biggest position. Roth Financial Partners LLC’s holdings in International Business Machines were worth $611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IBM. Naples Money Management LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $31,000. Stone House Investment Management LLC lifted its holdings in 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 buying an additional 204 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its holdings in 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 buying an additional 91 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 1.5 %

Shares of NYSE IBM traded up $2.56 during mid-day trading on Monday, reaching $175.02. The company had a trading volume of 4,862,988 shares, compared to its average volume of 4,602,271. 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 50 day simple moving average of $170.79 and a two-hundred day simple moving average of $176.33. The stock has a market cap of $160.77 billion, a P/E ratio of 19.82, a PEG ratio of 4.29 and a beta of 0.72. International Business Machines Co. has a 52-week low of $129.31 and a 52-week high of $199.18.

International Business Machines (NYSE:IBM) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. Sell-side analysts predict that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given 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 annualized dividend and a yield of 3.82%. The ex-dividend date was Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IBM. Sanford C. Bernstein increased their target price on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Jefferies Financial Group reduced their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of International Business Machines in a report on Wednesday, May 22nd. BNP Paribas initiated coverage on shares of International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 target price on the stock. Finally, Bank of America increased their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $182.53.

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.