International Business Machines Co. (NYSE:IBM) Holdings Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in International Business Machines Co. (NYSE:IBM - Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,917 shares of the technology company's stock after selling 11,056 shares during the period. International Business Machines makes up about 0.5% of Yousif Capital Management LLC's investment portfolio, making the stock its 26th biggest position. Yousif Capital Management LLC's holdings in International Business Machines were worth $39,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tallon Kerry Patrick purchased a new position in International Business Machines in the fourth quarter valued at approximately $902,000. Brighton Jones LLC grew its position in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after acquiring an additional 2,323 shares in the last quarter. Wealthstar Advisors LLC acquired a new position in shares of International Business Machines during the fourth quarter worth $694,000. Stone Summit Wealth LLC grew its holdings in International Business Machines by 21.2% during the 4th quarter. Stone Summit Wealth LLC now owns 1,446 shares of the technology company's stock valued at $318,000 after purchasing an additional 253 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its holdings in International Business Machines by 18.1% in the 4th quarter. Angeles Wealth Management LLC now owns 3,556 shares of the technology company's stock worth $782,000 after buying an additional 545 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on IBM. Royal Bank of Canada upped their target price on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Bank of America increased their target price on International Business Machines from $270.00 to $290.00 and gave the stock a "buy" rating in a report on Monday. Morgan Stanley lowered their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Wedbush reissued an "outperform" rating and set a $300.00 target price on shares of International Business Machines in a report on Wednesday, May 7th. Finally, Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. One equities research 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 company's stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average price target of $250.31.

International Business Machines Price Performance

Shares of NYSE:IBM traded down $1.80 during trading on Friday, reaching $279.23. The company had a trading volume of 808,461 shares, compared to its average volume of 4,219,222. International Business Machines Co. has a twelve month low of $167.23 and a twelve month high of $283.06. 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 firm has a market capitalization of $259.52 billion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The firm's fifty day moving average is $251.46 and its 200 day moving average is $243.34.

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

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid 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 2.41%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

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.