International Business Machines Corporation $IBM Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 8.5% in the fourth quarter, HoldingsChannel reports. The firm owned 94,298 shares of the technology company’s stock after selling 8,810 shares during the period. Flputnam Investment Management Co.’s holdings in International Business Machines were worth $27,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foster Group Inc. boosted its holdings in International Business Machines by 1.3% in the fourth quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after acquiring an additional 33 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of International Business Machines by 1.4% during the fourth quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock valued at $708,000 after purchasing an additional 33 shares in the last quarter. New Covenant Trust Company N.A. lifted its holdings in shares of International Business Machines by 3.8% during the fourth quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after purchasing an additional 33 shares in the last quarter. McGowan Group Asset Management Inc. lifted its holdings in shares of International Business Machines by 1.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after purchasing an additional 33 shares in the last quarter. Finally, CFS Investment Advisory Services LLC lifted its holdings in shares of International Business Machines by 0.4% during the third quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock valued at $2,878,000 after purchasing an additional 34 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Argus set a $360.00 price target on International Business Machines in a report on Friday, January 30th. Citigroup assumed coverage on International Business Machines in a report on Friday, April 10th. They set a “buy” rating and a $285.00 price target on the stock. UBS Group raised International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price target on the stock in a report on Wednesday, February 25th. DZ Bank raised International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target on the stock in a report on Friday, April 24th. Finally, BMO Capital Markets lowered their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.41.

International Business Machines Stock Down 0.8%

International Business Machines stock opened at $251.69 on Wednesday. The stock has a market cap of $236.56 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a one year low of $212.34 and a one year high of $324.90. The stock has a fifty day moving average of $238.94 and a 200 day moving average of $271.49.

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

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM is being seen as a key beneficiary of the U.S. government’s quantum computing funding plan, which has boosted enthusiasm for its quantum ambitions and may provide additional support for the stock. Article Title
• Positive Sentiment: IBM signed a five-year global technology modernization agreement with Abertis, a new enterprise deal that could add to consulting revenue and reinforce IBM’s role in digital transformation projects. Article Title
• Neutral Sentiment: Commentary from analysts and media outlets suggests IBM’s quantum business is helping investor sentiment, but the near-term move is also tied to broader excitement across quantum stocks and ETFs rather than IBM-specific earnings changes. Article Title
• Negative Sentiment: Some recent coverage notes IBM has struggled over the past year and remains under pressure versus its longer-term trend, which may temper investor enthusiasm despite the latest positive headlines. Article Title

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.