Union Bancaire Privee UBP SA Reduces Holdings in International Business Machines Co. (NYSE:IBM)

Union Bancaire Privee UBP SA lowered its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,032 shares of the technology company's stock after selling 2,445 shares during the period. Union Bancaire Privee UBP SA's holdings in International Business Machines were worth $1,997,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IBM. JBR Co Financial Management Inc grew its position in shares of International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after acquiring an additional 40 shares during the period. Wealth Dimensions Group Ltd. grew its position in shares of International Business Machines by 1.0% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after acquiring an additional 40 shares during the period. Pallas Capital Advisors LLC grew its position in shares of International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after acquiring an additional 42 shares during the period. Schechter Investment Advisors LLC grew its position in shares of International Business Machines by 0.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after acquiring an additional 43 shares during the period. Finally, Titleist Asset Management LLC grew its position in shares of International Business Machines by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after acquiring an additional 43 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

NYSE IBM traded up $4.44 during trading hours on Monday, hitting $281.66. 3,681,949 shares of the company's stock traded hands, compared to its average volume of 4,235,084. International Business Machines Co. has a 52-week low of $167.50 and a 52-week high of $284.50. The company has a market capitalization of $261.77 billion, a PE ratio of 43.94, a PEG ratio of 5.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm's 50-day moving average is $253.83 and its 200-day moving average is $244.28.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results 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 net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The business's revenue for the quarter was up .5% on a year-over-year basis. Equities analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.39%. International Business Machines's dividend payout ratio is 115.66%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Royal Bank of Canada upped their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Wedbush restated an "outperform" rating and set a $300.00 price target on shares of International Business Machines in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, 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. 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 presently has an average rating of "Hold" and an average price target of $250.31.

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.