Fourpath Capital Management LLC Sells 320 Shares of International Business Machines Co. (NYSE:IBM)

Fourpath Capital Management LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 14.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,950 shares of the technology company’s stock after selling 320 shares during the quarter. Fourpath Capital Management LLC’s holdings in International Business Machines were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in International Business Machines during the 4th quarter valued at approximately $31,000. Rialto Wealth Management LLC acquired a new position in International Business Machines in the 4th quarter valued at approximately $35,000. Tacita Capital Inc lifted its position in shares of International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after acquiring an additional 122 shares during the period. Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $43,000. Finally, Park Square Financial Group LLC bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $43,000. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on IBM shares. Oppenheimer started coverage on International Business Machines in a research report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price objective for the company. UBS Group reiterated a “sell” rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. BMO Capital Markets reiterated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Bank of America raised their price objective on International Business Machines from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus target price of $250.31.

International Business Machines Trading Up 1.2%

IBM stock opened at $272.13 on Tuesday. The business has a fifty day moving average price of $248.62 and a 200 day moving average price of $242.46. International Business Machines Co. has a fifty-two week low of $166.81 and a fifty-two week high of $273.66. The stock has a market capitalization of $252.92 billion, a price-to-earnings ratio of 42.45, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00.

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

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.47%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is currently 115.66%.

About International Business Machines

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.