Mizuho Securities Co. Ltd. Cuts Stake in International Business Machines Co. (NYSE:IBM)

Mizuho Securities Co. Ltd. decreased its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 90.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 470 shares of the technology company's stock after selling 4,240 shares during the period. Mizuho Securities Co. Ltd.'s holdings in International Business Machines were worth $77,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IBM. Naples Money Management LLC purchased a new position in International Business Machines in the fourth quarter valued at approximately $28,000. Briaud Financial Planning Inc purchased a new position in International Business Machines in the third quarter valued at approximately $31,000. Stone House Investment Management LLC raised its holdings in International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company's stock valued at $32,000 after buying an additional 204 shares during the period. Financial Gravity Asset Management Inc. raised its holdings in International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company's stock valued at $32,000 after buying an additional 91 shares during the period. Finally, Cordant Inc. raised its holdings in International Business Machines by 753.3% in the fourth quarter. Cordant Inc. now owns 256 shares of the technology company's stock valued at $42,000 after buying an additional 226 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

International Business Machines stock traded up $0.29 during mid-day trading on Tuesday, reaching $182.19. The company's stock had a trading volume of 5,921,450 shares, compared to its average volume of 4,773,702. The firm has a market cap of $167.02 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 3.57 and a beta of 0.70. The business has a 50 day moving average price of $188.35 and a 200-day moving average price of $169.88. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm's revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.60 earnings per share. Sell-side analysts predict that International Business Machines Co. will post 10.04 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were issued a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines's dividend payout ratio is presently 81.67%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a "buy" rating and issued a $190.00 price objective on shares of International Business Machines in a research report on Wednesday, April 17th. BMO Capital Markets increased their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the company a "market perform" rating in a research report on Thursday, January 25th. StockNews.com downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Tuesday. UBS Group increased their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the company a "sell" rating in a research report on Monday. Finally, Jefferies Financial Group lowered their price objective on shares of International Business Machines from $215.00 to $210.00 and set a "hold" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $177.23.

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.

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