Investment Partners LTD. Has $659,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

Investment Partners LTD. reduced its holdings in International Business Machines Co. (NYSE:IBM) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,027 shares of the technology company’s stock after selling 413 shares during the quarter. Investment Partners LTD.’s holdings in International Business Machines were worth $659,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after purchasing an additional 365,388 shares during the period. Morgan Stanley raised its position in shares of International Business Machines by 13.4% in the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after acquiring an additional 1,919,490 shares in the last quarter. Northern Trust Corp raised its position in shares of International Business Machines by 4.2% in the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after acquiring an additional 404,948 shares in the last quarter. Bank of New York Mellon Corp increased its position in International Business Machines by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock valued at $1,219,399,000 after buying an additional 807,357 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in International Business Machines by 15.9% during the 3rd quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock valued at $890,322,000 after buying an additional 871,247 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 1.1 %

Shares of IBM stock traded down $1.78 during trading hours on Friday, reaching $167.13. 8,983,796 shares of the stock traded hands, compared to its average volume of 3,906,041. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The business has a fifty day moving average price of $187.60 and a 200 day moving average price of $170.15. The company has a quick ratio of 0.93, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $153.21 billion, a PE ratio of 18.94, a PEG ratio of 3.33 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 24th. 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 net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Co. will post 9.99 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.97%. International Business Machines’s payout ratio is presently 75.20%.

Analyst Ratings Changes

A number of research firms have recently weighed in on IBM. Sanford C. Bernstein boosted their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Bank of America raised their target price on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. BMO Capital Markets reduced their price objective on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Morgan Stanley lowered their target price on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average price target of $184.08.

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.