Tilt Investment Management Holdings PBC Cuts Stock Position in International Business Machines Co. (NYSE:IBM)

Tilt Investment Management Holdings PBC cut its holdings in shares of International Business Machines Co. (NYSE:IBM) by 22.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,744 shares of the technology company’s stock after selling 1,057 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in International Business Machines were worth $612,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new stake in International Business Machines in the second quarter worth about $28,000. Live Oak Investment Partners purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $30,000. Briaud Financial Planning Inc bought a new stake in shares of International Business Machines in the 3rd quarter worth approximately $31,000. PCA Investment Advisory Services Inc. purchased a new position in International Business Machines in the second quarter valued at approximately $31,000. Finally, Stone House Investment Management LLC grew its holdings in 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 purchasing an additional 204 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets boosted their target price on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Royal Bank of Canada boosted 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. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Bank of America upped their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $178.67.

International Business Machines Price Performance

NYSE IBM traded down $1.89 on Thursday, hitting $181.21. The stock had a trading volume of 1,744,296 shares, compared to its average volume of 4,788,086. The firm has a 50-day moving average of $188.61 and a 200-day moving average of $168.54. The company has a market capitalization of $166.12 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.70. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. International Business Machines Co. has a 52-week low of $120.55 and a 52-week high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. International Business Machines had a return on equity of 39.55% and a net margin of 12.13%. The company had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter last year, the business posted $3.60 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. Equities analysts expect that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 81.67%.

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.