International Business Machines Co. (NYSE:IBM) Shares Sold by Sage Investment Advisers LLC

Sage Investment Advisers LLC lessened its holdings in International Business Machines Co. (NYSE:IBM) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,652 shares of the technology company’s stock after selling 300 shares during the period. International Business Machines makes up 2.6% of Sage Investment Advisers LLC’s investment portfolio, making the stock its 13th largest position. Sage Investment Advisers LLC’s holdings in International Business Machines were worth $2,225,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Clearbridge Investments LLC raised its stake in shares of International Business Machines by 5.8% in the 3rd quarter. Clearbridge Investments LLC now owns 34,406 shares of the technology company’s stock valued at $4,827,000 after acquiring an additional 1,891 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in International Business Machines by 18.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 138,941 shares of the technology company’s stock worth $19,493,000 after purchasing an additional 21,886 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of International Business Machines by 6.4% during the third quarter. Westfield Capital Management Co. LP now owns 90,209 shares of the technology company’s stock worth $12,656,000 after buying an additional 5,394 shares during the period. Valley National Advisers Inc. grew its stake in shares of International Business Machines by 16.6% in the third quarter. Valley National Advisers Inc. now owns 2,640 shares of the technology company’s stock valued at $370,000 after buying an additional 375 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its stake in International Business Machines by 2.7% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 18,867 shares of the technology company’s stock worth $2,808,000 after acquiring an additional 500 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.3 %

IBM stock traded up $0.51 during midday trading on Thursday, reaching $172.38. 641,236 shares of the company were exchanged, compared to its average volume of 4,551,332. The stock’s 50-day simple moving average is $170.56 and its 200 day simple moving average is $176.40. International Business Machines Co. has a 1-year low of $130.91 and a 1-year high of $199.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The company has a market cap of $158.35 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 4.26 and a beta of 0.72.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 earnings per share. On average, equities analysts forecast that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a $1.67 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.88%. International Business Machines’s dividend payout ratio is 75.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Bank of America lifted their target price on International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets decreased their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of International Business Machines in a research note on Wednesday, May 22nd. Finally, Sanford C. Bernstein increased their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $182.53.

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.