Paradigm Financial Partners LLC Sells 917 Shares of International Business Machines Co. (NYSE:IBM)

Paradigm Financial Partners LLC cut its stake in International Business Machines Co. (NYSE:IBM) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,353 shares of the technology company’s stock after selling 917 shares during the period. Paradigm Financial Partners LLC’s holdings in International Business Machines were worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Naples Money Management LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $28,000. Briaud Financial Planning Inc bought a new stake in shares of International Business Machines during the third quarter worth approximately $31,000. Stone House Investment Management LLC raised its stake in shares of 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 worth $32,000 after buying an additional 204 shares during the last quarter. Financial Gravity Asset Management Inc. raised its stake in shares of International Business Machines by 67.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Finally, Cordant Inc. raised its stake in shares of International Business Machines by 753.3% during the fourth quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IBM. Societe Generale restated a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a report on Friday, January 5th. Evercore upgraded shares of 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 report on Friday, January 19th. BMO Capital Markets reduced their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday. Morgan Stanley reduced their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Evercore ISI 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 report on Friday, January 19th. Two analysts have 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.com, the company presently has a consensus rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Performance

NYSE IBM traded down $1.78 on Friday, hitting $167.13. 8,983,796 shares of the stock were exchanged, compared to its average volume of 3,906,041. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 0.93. The business’s fifty day moving average is $187.60 and its 200 day moving average is $170.34. International Business Machines Co. has a 52 week low of $120.55 and a 52 week high of $199.18. The company has a market capitalization of $153.21 billion, a PE ratio of 18.93, a P/E/G ratio of 3.30 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 earnings per share. Research analysts anticipate that International Business Machines Co. will post 9.99 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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