UMB Bank n.a. Sells 2,747 Shares of International Business Machines Co. (NYSE:IBM)

UMB Bank n.a. lessened its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,617 shares of the technology company's stock after selling 2,747 shares during the quarter. UMB Bank n.a.'s holdings in International Business Machines were worth $12,835,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sivia Capital Partners LLC grew its holdings in shares of International Business Machines by 18.4% during the 1st quarter. Sivia Capital Partners LLC now owns 1,752 shares of the technology company's stock valued at $436,000 after purchasing an additional 272 shares during the last quarter. Piscataqua Savings Bank boosted its stake in shares of International Business Machines by 12.8% during the first quarter. Piscataqua Savings Bank now owns 3,398 shares of the technology company's stock valued at $845,000 after purchasing an additional 385 shares during the period. Persium Advisors LLC boosted its position in International Business Machines by 2.3% during the 1st quarter. Persium Advisors LLC now owns 3,160 shares of the technology company's stock valued at $786,000 after buying an additional 72 shares during the period. Holland Advisory Services Inc. grew its stake in shares of International Business Machines by 12.0% in the first quarter. Holland Advisory Services Inc. now owns 1,445 shares of the technology company's stock worth $359,000 after purchasing an additional 155 shares during the last quarter. Finally, Intergy Private Wealth LLC lifted its stake in International Business Machines by 1.3% in the first quarter. Intergy Private Wealth LLC now owns 4,746 shares of the technology company's stock worth $1,180,000 after acquiring an additional 61 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $3.26 on Monday, reaching $272.13. The company's stock had a trading volume of 4,330,887 shares, compared to its average volume of 4,219,305. International Business Machines Co. has a 52-week low of $166.81 and a 52-week high of $273.41. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The company has a 50-day simple moving average of $248.17 and a 200 day simple moving average of $242.11. The company has a market cap of $252.92 billion, a P/E ratio of 42.45, a PEG ratio of 5.81 and a beta of 0.66.

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

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. 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 2.47%. International Business Machines's dividend payout ratio is presently 115.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IBM. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Oppenheimer started coverage on International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective on the stock. Royal Bank of Canada boosted their price target on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Morgan Stanley decreased their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $250.31.

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.