Savant Capital LLC Sells 21,551 Shares of International Business Machines Corporation $IBM

Savant Capital LLC lowered its position in International Business Machines Corporation (NYSE:IBM) by 34.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,687 shares of the technology company’s stock after selling 21,551 shares during the quarter. Savant Capital LLC’s holdings in International Business Machines were worth $12,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Family CFO Inc purchased a new stake in International Business Machines during the fourth quarter worth $25,000. Joseph Group Capital Management purchased a new stake in International Business Machines during the fourth quarter worth $28,000. SWAN Capital LLC purchased a new stake in International Business Machines during the third quarter worth $28,000. DecisionPoint Financial LLC lifted its holdings in International Business Machines by 1,666.7% during the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new stake in International Business Machines during the fourth quarter worth $31,000. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IBM. Royal Bank Of Canada restated an “outperform” rating on shares of International Business Machines in a report on Thursday. Citigroup began coverage on International Business Machines in a report on Friday, April 10th. They set a “buy” rating and a $285.00 target price for the company. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Argus set a $360.00 target price on International Business Machines in a report on Friday, January 30th. Finally, Stifel Nicolaus set a $290.00 target price on International Business Machines in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $294.41.

International Business Machines Stock Performance

Shares of IBM opened at $298.26 on Friday. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $324.90. The stock has a fifty day moving average price of $240.16 and a 200-day moving average price of $270.98. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The firm has a market cap of $280.33 billion, a PE ratio of 26.37, a P/E/G ratio of 2.74 and a beta of 0.58.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the prior year, the business posted $1.60 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts predict that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be issued a dividend of $1.69 per share. The ex-dividend date is Friday, May 8th. This represents a $6.76 annualized dividend and a dividend yield of 2.3%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

Key International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM unveiled a more than $10 billion quantum computing investment plan, reinforcing its leadership in an emerging high-growth market. IBM to invest $10 billion for large-scale quantum computer by 2029
• Positive Sentiment: IBM and Red Hat launched Project Lightwell, a $5 billion push to secure open-source software with AI tools and 20,000 engineers, which could strengthen its enterprise security franchise. IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era
• Positive Sentiment: Wedbush reiterated an Outperform rating and raised its target to $320, signaling continued analyst confidence in IBM’s upside. IBM Is Chasing A ‘$1 Trillion Value Creation Engine’ — And It’s Spending $15 Billion To Get There

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.