International Business Machines Co. (NYSE:IBM) Shares Sold by Carr Financial Group Corp

Carr Financial Group Corp decreased its stake in International Business Machines Co. (NYSE:IBM) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,648 shares of the technology company’s stock after selling 130 shares during the period. Carr Financial Group Corp’s holdings in International Business Machines were worth $270,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Natixis Advisors L.P. boosted its holdings in shares of International Business Machines by 18.1% in the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after buying an additional 57,170 shares in the last quarter. Herold Advisors Inc. raised its position in International Business Machines by 3.2% in the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock valued at $3,070,000 after purchasing an additional 688 shares during the last quarter. Tsfg LLC raised its position in International Business Machines by 40.5% in the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after purchasing an additional 109 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in International Business Machines in the 3rd quarter valued at $661,000. Finally, Silicon Valley Capital Partners raised its position in International Business Machines by 33.6% in the 3rd quarter. Silicon Valley Capital Partners now owns 32,245 shares of the technology company’s stock valued at $4,524,000 after purchasing an additional 8,117 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM stock traded down $3.27 during midday trading on Wednesday, reaching $186.04. 3,080,645 shares of the company traded hands, compared to its average volume of 4,927,417. The firm’s 50 day simple moving average is $188.71 and its two-hundred day simple moving average is $167.00. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a market cap of $170.55 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 3.72 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted 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. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $17.29 billion. During the same period last year, the firm earned $3.60 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities research analysts expect that International Business Machines Co. will post 10.07 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid 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 3.57%. International Business Machines’s dividend payout ratio (DPR) is 81.67%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBM. Jefferies Financial Group began coverage on shares of International Business Machines in a research report on Friday, January 5th. They issued a “hold” rating and a $180.00 price target for the company. Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $200.00 in a report on Friday, January 19th. Royal Bank of Canada raised their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus raised their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.85.

About International Business Machines

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.