International Business Machines Co. (NYSE:IBM) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC reduced its stake in International Business Machines Co. (NYSE:IBM) by 3.7% during the 4th quarter, Holdings Channel reports. The fund owned 10,255 shares of the technology company’s stock after selling 394 shares during the period. Good Life Advisors LLC’s holdings in International Business Machines were worth $1,677,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IBM. Cantor Fitzgerald Investment Advisor L.P grew its position in International Business Machines by 97.6% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock worth $33,459,000 after acquiring an additional 127,093 shares during the last quarter. Roundview Capital LLC acquired a new position in shares of International Business Machines during the first quarter valued at about $203,000. Sei Investments Co. grew its position in International Business Machines by 35.7% in the 1st quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock worth $23,157,000 after purchasing an additional 46,756 shares in the last quarter. Candriam Luxembourg S.C.A. grew its position in shares of International Business Machines by 1.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock valued at $12,438,000 after acquiring an additional 1,821 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of International Business Machines by 1.5% during the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after buying an additional 5,506 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on shares of International Business Machines in a research note on Friday, January 5th. They set a “hold” rating and a $180.00 target price for the company. BMO Capital Markets increased their price target on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Bank of America raised their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada lifted their price objective on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Societe Generale reiterated a “sell” rating and set a $143.00 target price on shares of International Business Machines in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $176.85.

International Business Machines Trading Up 0.1 %

NYSE:IBM traded up $0.16 during mid-day trading on Thursday, hitting $190.96. 3,691,975 shares of the stock traded hands, compared to its average volume of 5,221,132. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $175.06 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.69 and a beta of 0.70. The firm’s 50 day moving average is $186.79 and its two-hundred day moving average is $164.17. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same quarter last year, the business earned $3.60 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. On average, equities research analysts predict that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were given a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.48%. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

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.