International Business Machines Co. (NYSE:IBM) Holdings Decreased by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. reduced its stake in shares of International Business Machines Co. (NYSE:IBM) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,087 shares of the technology company’s stock after selling 586 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in International Business Machines were worth $8,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Naples Money Management LLC purchased a new position in International Business Machines in the 4th quarter worth about $28,000. Briaud Financial Planning Inc purchased a new position in International Business Machines during the 3rd quarter valued at about $31,000. Stone House Investment Management LLC grew its stake in International Business Machines by 971.4% during the 3rd 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. grew its stake in International Business Machines by 67.9% during the 3rd 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. Finally, Cordant Inc. lifted its holdings in shares of International Business Machines by 753.3% during the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock valued at $42,000 after buying an additional 226 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IBM shares. BMO Capital Markets reduced their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research report on Wednesday, April 17th. Societe Generale reiterated a “sell” rating and issued a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. UBS Group upped their price target 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. Finally, Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Two equities research 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 currently has a consensus rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Down 0.3 %

Shares of NYSE:IBM traded down $0.46 during trading on Monday, hitting $166.67. 1,697,820 shares of the company’s stock traded hands, compared to its average volume of 4,967,001. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The company has a market cap of $152.79 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 4.08 and a beta of 0.70. The company has a 50-day moving average price of $187.60 and a 200-day moving average price of $170.53.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 EPS. As a group, research analysts forecast that International Business Machines Co. will post 9.99 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.98%. International Business Machines’s dividend payout ratio is currently 75.20%.

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.