Financial & Tax Architects LLC Sells 3,284 Shares of International Business Machines Corporation (NYSE:IBM)

Financial & Tax Architects LLC trimmed its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,479 shares of the technology company's stock after selling 3,284 shares during the quarter. International Business Machines makes up approximately 1.9% of Financial & Tax Architects LLC's portfolio, making the stock its 13th largest position. Financial & Tax Architects LLC's holdings in International Business Machines were worth $7,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Capital World Investors lifted its position in shares of International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after purchasing an additional 9,650,534 shares in the last quarter. Norges Bank purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $1,236,176,000. GAMMA Investing LLC raised its position in International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after acquiring an additional 4,384,958 shares in the last quarter. Northern Trust Corp raised its position in International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in International Business Machines during the fourth quarter valued at approximately $302,564,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IBM shares. Morgan Stanley cut their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group increased their price target on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Melius Research upgraded International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $268.75.

International Business Machines Stock Performance

IBM traded down $0.81 during trading on Friday, reaching $259.70. 7,751,998 shares of the company's stock were exchanged, compared to its average volume of 4,403,863. International Business Machines Corporation has a fifty-two week low of $181.81 and a fifty-two week high of $296.16. The company has a quick ratio of 0.97, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The business has a 50 day moving average price of $277.69 and a 200 day moving average price of $256.04. The company has a market capitalization of $241.36 billion, a P/E ratio of 42.16, a PEG ratio of 5.50 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the previous year, the company earned $2.43 earnings per share. The business's revenue was up 7.7% compared to the same quarter last year. As a group, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.59%. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

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.