Simplicity Wealth LLC Lowers Stock Position in International Business Machines Co. (NYSE:IBM)

Simplicity Wealth LLC decreased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 79.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,037 shares of the technology company's stock after selling 7,978 shares during the quarter. Simplicity Wealth LLC's holdings in International Business Machines were worth $507,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Tallon Kerry Patrick acquired a new stake in shares of International Business Machines during the 4th quarter worth about $902,000. Brighton Jones LLC boosted its holdings in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after acquiring an additional 2,323 shares during the period. Sapient Capital LLC grew its position in shares of International Business Machines by 3.0% in the fourth quarter. Sapient Capital LLC now owns 2,832 shares of the technology company's stock valued at $623,000 after purchasing an additional 82 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of International Business Machines by 4.0% during the fourth quarter. Focus Financial Network Inc. now owns 6,822 shares of the technology company's stock worth $1,500,000 after purchasing an additional 265 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in International Business Machines during the 4th quarter worth approximately $706,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

IBM traded down $0.83 on Thursday, reaching $280.69. The stock had a trading volume of 3,413,514 shares, compared to its average volume of 4,232,579. International Business Machines Co. has a fifty-two week low of $167.23 and a fifty-two week high of $282.97. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $260.87 billion, a price-to-earnings ratio of 43.79, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The firm has a 50-day moving average of $250.36 and a 200-day moving average of $242.96.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the company earned $1.68 EPS. The firm's revenue for the quarter was up .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of International Business Machines in a research note on Wednesday, May 7th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Morgan Stanley cut their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. UBS Group restated a "sell" rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $250.31.

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.