International Business Machines Corporation (NYSE:IBM) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lowered its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 40.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,276 shares of the technology company's stock after selling 862 shares during the period. Moody Aldrich Partners LLC's holdings in International Business Machines were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new stake in International Business Machines in the fourth quarter valued at about $31,000. Rialto Wealth Management LLC acquired a new stake in International Business Machines in the fourth quarter valued at about $35,000. Measured Risk Portfolios Inc. acquired a new stake in International Business Machines in the fourth quarter valued at about $43,000. Park Square Financial Group LLC acquired a new stake in International Business Machines in the fourth quarter valued at about $43,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in International Business Machines in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 1.4%

Shares of IBM opened at $291.66 on Friday. The firm has a market cap of $271.06 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 6.13 and a beta of 0.69. The company's fifty day moving average is $268.36 and its two-hundred day moving average is $249.65. International Business Machines Corporation has a fifty-two week low of $173.95 and a fifty-two week high of $296.16. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The company 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%. International Business Machines's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business earned $1.68 EPS. Analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced 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 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 payout ratio is presently 115.66%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research analyst reports. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Wedbush increased their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Royal Bank Of Canada increased their target price on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $257.50.

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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