International Business Machines Corporation (NYSE:IBM) Shares Sold by Byrne Financial Freedom LLC

Byrne Financial Freedom LLC decreased its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 85.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,456 shares of the technology company's stock after selling 26,886 shares during the period. Byrne Financial Freedom LLC's holdings in International Business Machines were worth $1,108,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares during the period. Geode Capital Management LLC grew its position in shares of International Business Machines by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock valued at $4,589,145,000 after buying an additional 427,499 shares during the last quarter. Capital World Investors raised its stake in International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after acquiring an additional 9,650,534 shares during the period. Northern Trust Corp lifted its holdings in International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in International Business Machines by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after acquiring an additional 722,582 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

IBM opened at $291.66 on Monday. The business has a 50 day moving average price of $268.36 and a two-hundred day moving average price of $250.04. 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 $271.06 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 6.13 and a beta of 0.69. International Business Machines Corporation has a 1-year low of $174.45 and a 1-year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced 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. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The company's revenue was up .5% on a year-over-year basis. Research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $1.68 per share. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.30%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. 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 note on Monday, March 17th. Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Wall Street Zen cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Bank of America boosted their target price on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $257.50.

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.

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