International Business Machines Corporation (NYSE:IBM) Holdings Decreased by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. lessened its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 65.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,601 shares of the technology company's stock after selling 74,202 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in International Business Machines were worth $9,847,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBM. Tallon Kerry Patrick acquired a new stake in International Business Machines in the fourth quarter worth approximately $902,000. Brighton Jones LLC lifted its holdings in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after buying an additional 2,323 shares during the period. Bank of Jackson Hole Trust acquired a new position in International Business Machines during the fourth quarter worth about $86,000. Corps Capital Advisors LLC bought a new stake in International Business Machines in the fourth quarter worth about $1,275,000. Finally, Handelsbanken Fonder AB lifted its holdings in International Business Machines by 13.8% in the 4th quarter. Handelsbanken Fonder AB now owns 355,742 shares of the technology company's stock valued at $78,203,000 after acquiring an additional 43,107 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of IBM opened at $283.15 on Friday. The business's 50-day moving average is $256.81 and its 200-day moving average is $245.20. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The company has a market capitalization of $263.16 billion, a price-to-earnings ratio of 48.74, a P/E/G ratio of 5.95 and a beta of 0.66. International Business Machines Corporation has a fifty-two week low of $170.41 and a fifty-two week high of $286.91.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 EPS. Equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.37%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Analysts Set New Price Targets

IBM has been the topic of a number of research reports. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. KGI Securities set a $242.00 price target on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Morgan Stanley reduced their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, UBS Group reaffirmed a "sell" rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $252.19.

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.

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