International Business Machines Co. (NYSE:IBM) Stock Position Lowered by DSC Advisors L.P.

DSC Advisors L.P. trimmed its position in shares of International Business Machines Co. (NYSE:IBM) by 7.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,159 shares of the technology company’s stock after selling 92 shares during the quarter. International Business Machines accounts for 0.7% of DSC Advisors L.P.’s investment portfolio, making the stock its 23rd biggest holding. DSC Advisors L.P.’s holdings in International Business Machines were worth $200,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its position in shares of International Business Machines by 2.7% in the fourth quarter. Gilbert & Cook Inc. now owns 3,892 shares of the technology company’s stock worth $637,000 after purchasing an additional 101 shares in the last quarter. Aveo Capital Partners LLC lifted its holdings in International Business Machines by 3.6% in the 4th quarter. Aveo Capital Partners LLC now owns 3,101 shares of the technology company’s stock worth $507,000 after purchasing an additional 109 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in International Business Machines by 6.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,394 shares of the technology company’s stock worth $386,000 after purchasing an additional 147 shares during the period. Trexquant Investment LP acquired a new position in International Business Machines during the fourth quarter valued at approximately $897,000. Finally, Focus Financial Network Inc. ADV bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $3,877,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of International Business Machines from $190.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Evercore ISI increased their price objective on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. UBS Group upped their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research report on Wednesday, September 4th. Finally, StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $188.60.

International Business Machines Trading Up 0.1 %

Shares of IBM opened at $221.23 on Thursday. The stock has a fifty day moving average price of $197.98 and a two-hundred day moving average price of $184.59. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The company has a market cap of $203.79 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 4.90 and a beta of 0.70. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $221.85.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the company earned $2.18 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is 75.65%.

International Business Machines 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.