Tsfg LLC Sells 98 Shares of International Business Machines Co. (NYSE:IBM)

Tsfg LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 26.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 278 shares of the technology company’s stock after selling 98 shares during the quarter. Tsfg LLC’s holdings in International Business Machines were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bremer Bank National Association increased its position in International Business Machines by 21.9% during the 2nd quarter. Bremer Bank National Association now owns 2,124 shares of the technology company’s stock valued at $367,000 after purchasing an additional 382 shares during the period. ORG Partners LLC increased its position in shares of International Business Machines by 1,125.6% during the 2nd quarter. ORG Partners LLC now owns 14,315 shares of the technology company’s stock valued at $2,507,000 after purchasing an additional 13,147 shares during the last quarter. Bill Few Associates Inc. increased its position in shares of International Business Machines by 360.4% during the 2nd quarter. Bill Few Associates Inc. now owns 14,709 shares of the technology company’s stock valued at $2,544,000 after purchasing an additional 11,514 shares during the last quarter. TRUE Private Wealth Advisors increased its position in shares of International Business Machines by 1.2% during the 2nd quarter. TRUE Private Wealth Advisors now owns 6,527 shares of the technology company’s stock valued at $1,129,000 after purchasing an additional 80 shares during the last quarter. Finally, IVC Wealth Advisors LLC increased its holdings in International Business Machines by 4.2% in the 2nd quarter. IVC Wealth Advisors LLC now owns 7,191 shares of the technology company’s stock worth $1,244,000 after acquiring an additional 293 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IBM shares. JPMorgan Chase & Co. dropped their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group started coverage on International Business Machines in a research report on Monday, June 24th. They issued a “buy” rating and a $200.00 price target for the company. Royal Bank of Canada increased their target price on International Business Machines from $200.00 to $211.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Jefferies Financial Group raised their price target on International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, BNP Paribas started coverage on International Business Machines in a research note on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $184.93.

International Business Machines Stock Up 0.7 %

NYSE IBM traded up $1.33 during trading on Wednesday, hitting $192.32. The company’s stock had a trading volume of 1,893,598 shares, compared to its average volume of 4,368,021. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The company has a market cap of $176.67 billion, a PE ratio of 21.68, a P/E/G ratio of 4.24 and a beta of 0.71. The business’s 50 day simple moving average is $179.64 and its 200-day simple moving average is $180.86. International Business Machines Co. has a fifty-two week low of $135.87 and a fifty-two week high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $2.18 earnings per share. On average, equities analysts anticipate that International Business Machines Co. will post 10.06 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

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.