Private Capital Management LLC Sells 214 Shares of International Business Machines Co. (NYSE:IBM)

Private Capital Management LLC lowered its position in International Business Machines Co. (NYSE:IBM) by 1.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,577 shares of the technology company’s stock after selling 214 shares during the period. Private Capital Management LLC’s holdings in International Business Machines were worth $2,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Investment Group LTD. purchased a new position in shares of International Business Machines in the fourth quarter worth $491,000. Bison Wealth LLC lifted its stake in International Business Machines by 2.8% during the 4th quarter. Bison Wealth LLC now owns 8,402 shares of the technology company’s stock valued at $1,374,000 after acquiring an additional 230 shares during the period. Flputnam Investment Management Co. boosted its holdings in shares of International Business Machines by 0.3% during the 4th quarter. Flputnam Investment Management Co. now owns 61,584 shares of the technology company’s stock valued at $10,072,000 after acquiring an additional 168 shares during the last quarter. Imprint Wealth LLC grew its stake in shares of International Business Machines by 28.8% in the fourth quarter. Imprint Wealth LLC now owns 3,221 shares of the technology company’s stock worth $545,000 after acquiring an additional 720 shares during the period. Finally, United Asset Strategies Inc. purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $395,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IBM shares. Royal Bank of Canada lifted their target price on shares of International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. UBS Group upped their price objective 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. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Jefferies Financial Group upped their price target on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group initiated coverage on shares of International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $184.93.

International Business Machines Price Performance

Shares of IBM stock traded down $0.27 on Friday, hitting $193.68. 2,494,361 shares of the stock traded hands, compared to its average volume of 4,344,165. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. International Business Machines Co. has a 52 week low of $135.87 and a 52 week high of $199.18. The firm has a 50 day simple moving average of $181.13 and a two-hundred day simple moving average of $181.08. The firm has a market cap of $177.92 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 4.24 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.18 EPS. As a group, equities research analysts predict that International Business Machines Co. will post 10.06 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a $1.67 dividend. The ex-dividend date is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.45%. International Business Machines’s payout ratio is 75.65%.

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.