Lazari Capital Management Inc. Sells 114 Shares of International Business Machines Co. (NYSE:IBM)

Lazari Capital Management Inc. decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,005 shares of the technology company’s stock after selling 114 shares during the quarter. Lazari Capital Management Inc.’s holdings in International Business Machines were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Naples Money Management LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $28,000. Stone House Investment Management LLC increased its holdings in shares of International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. Financial Gravity Asset Management Inc. increased its holdings in shares of International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Cordant Inc. grew its holdings in International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares in the last quarter. Finally, Newton One Investments LLC bought a new stake in International Business Machines during the fourth quarter worth $45,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $0.09 during trading on Friday, reaching $169.21. 2,777,717 shares of the stock traded hands, compared to its average volume of 3,225,373. International Business Machines Co. has a 52-week low of $129.18 and a 52-week 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 1.09. The company has a 50-day moving average of $172.43 and a 200-day moving average of $175.70. The stock has a market capitalization of $155.44 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 4.17 and a beta of 0.72.

International Business Machines (NYSE:IBM) last issued its quarterly 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. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts forecast that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio is currently 75.65%.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a report on Thursday, May 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a report on Wednesday, May 22nd. Sanford C. Bernstein upped their price target on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. BNP Paribas initiated coverage on International Business Machines in a report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. Finally, UBS Group upped their price target on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $181.29.

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.