Everett Harris & Co. CA Decreases Holdings in International Business Machines Co. (NYSE:IBM)

Everett Harris & Co. CA decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 7.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,707 shares of the technology company’s stock after selling 290 shares during the quarter. Everett Harris & Co. CA’s holdings in International Business Machines were worth $606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Cornerstone Planning Group LLC bought a new position in shares of International Business Machines during the 2nd quarter worth $28,000. Live Oak Investment Partners bought a new position in shares of International Business Machines during the 4th quarter worth $30,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines during the 3rd quarter worth $31,000. PCA Investment Advisory Services Inc. bought a new position in shares of International Business Machines during the 2nd quarter worth $31,000. Finally, Stone House Investment Management LLC grew its stake in shares of International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after acquiring an additional 204 shares during the period. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IBM shares. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. BMO Capital Markets raised their target price on International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Stifel Nicolaus raised their target price on International Business Machines from $144.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Sanford C. Bernstein raised their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Finally, Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $176.85.

International Business Machines Price Performance

Shares of IBM traded up $0.16 during trading hours on Thursday, reaching $190.96. 3,686,855 shares of the company’s stock traded hands, compared to its average volume of 5,222,239. The stock has a market cap of $175.06 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.69 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The firm’s 50 day simple moving average is $186.79 and its 200-day simple moving average is $164.17. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $199.18.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating 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 return on equity of 39.55% and a net margin of 12.13%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $3.60 EPS. Equities analysts expect that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.48%. International Business Machines’s dividend payout ratio is 81.67%.

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.