International Business Machines Corporation (NYSE:IBM) Shares Sold by Citizens & Northern Corp

Citizens & Northern Corp reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 27.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,271 shares of the technology company's stock after selling 1,243 shares during the quarter. Citizens & Northern Corp's holdings in International Business Machines were worth $813,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at approximately $31,000. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at approximately $35,000. Tacita Capital Inc increased its position in International Business Machines by 174.3% during the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after buying an additional 122 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the fourth quarter worth $43,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

NYSE IBM opened at $283.15 on Friday. The company has a 50-day moving average price of $256.81 and a two-hundred day moving average price of $245.20. The stock has a market cap of $263.16 billion, a price-to-earnings ratio of 48.74, a price-to-earnings-growth ratio of 5.95 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 52 week low of $170.41 and a 52 week high of $286.91.

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

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a 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 is currently 115.66%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IBM. Wedbush reissued an "outperform" rating and issued a $300.00 target price on shares of International Business Machines in a research note on Wednesday, May 7th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Finally, UBS Group reissued a "sell" rating and issued a $170.00 price objective (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $252.19.

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.

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