Marquette Asset Management LLC Sells 108 Shares of International Business Machines Co. (NYSE:IBM)

Marquette Asset Management LLC decreased its position in International Business Machines Co. (NYSE:IBM) by 10.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 958 shares of the technology company’s stock after selling 108 shares during the period. Marquette Asset Management LLC’s holdings in International Business Machines were worth $157,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. increased its stake in shares of International Business Machines by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after buying an additional 54 shares during the period. Calamos Wealth Management LLC increased its holdings in International Business Machines by 2.8% in the fourth quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock worth $328,000 after purchasing an additional 55 shares in the last quarter. Avion Wealth increased its holdings in International Business Machines by 6.2% in the fourth quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after purchasing an additional 56 shares in the last quarter. Northwest Capital Management Inc increased its holdings in International Business Machines by 5.0% in the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after purchasing an additional 59 shares in the last quarter. Finally, Financial Security Advisor Inc. increased its holdings in International Business Machines by 2.7% in the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on IBM. Royal Bank of Canada raised their price objective on International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Sanford C. Bernstein lifted their target price on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research report on Wednesday, April 17th. Jefferies Financial Group cut their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Finally, Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $184.08.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $1.78 during midday trading on Friday, reaching $167.13. 8,983,796 shares of the company traded hands, compared to its average volume of 3,906,041. The company has a quick ratio of 0.93, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18. The firm has a market capitalization of $153.21 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The firm’s fifty day moving average price is $187.60 and its two-hundred day moving average price is $170.34.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $14.53 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts expect that International Business Machines Co. will post 9.99 earnings per share for the current year.

International Business Machines Announces Dividend

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