Matauro LLC Sells 126 Shares of International Business Machines Co. (NYSE:IBM)

Matauro LLC trimmed its stake in shares of International Business Machines Co. (NYSE:IBM) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,318 shares of the technology company’s stock after selling 126 shares during the quarter. Matauro LLC’s holdings in International Business Machines were worth $1,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares in the last quarter. Norges Bank acquired a new position in International Business Machines during the fourth quarter worth about $1,236,176,000. GAMMA Investing LLC raised its stake in International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock worth $10,940,520,000 after acquiring an additional 4,384,958 shares in the last quarter. Raymond James Financial Inc. acquired a new position in International Business Machines during the fourth quarter worth about $592,746,000. Finally, Northern Trust Corp raised its stake in International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 1.5%

Shares of IBM stock opened at $276.84 on Friday. International Business Machines Co. has a 12 month low of $167.23 and a 12 month high of $283.06. The stock has a market cap of $257.29 billion, a P/E ratio of 43.19, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a 50 day simple moving average of $252.60 and a two-hundred day simple moving average of $243.67.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.43%. International Business Machines’s dividend payout ratio is 115.66%.

Wall Street Analyst Weigh In

Several brokerages recently commented on IBM. Bank of America upped their target price on International Business Machines from $270.00 to $290.00 and gave the company a “buy” rating in a report on Monday, June 9th. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, KGI Securities set a $242.00 price target on International Business Machines and gave the stock a “hold” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $250.31.

International Business Machines 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.