Envestnet Portfolio Solutions Inc. Decreases Stock Position in International Business Machines Co. (NYSE:IBM)

Envestnet Portfolio Solutions Inc. decreased its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,482 shares of the technology company’s stock after selling 5,604 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in International Business Machines were worth $6,457,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IBM. Desjardins Global Asset Management Inc. boosted its holdings in International Business Machines by 1.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock valued at $644,000 after acquiring an additional 54 shares during the period. Calamos Wealth Management LLC grew its holdings in International Business Machines by 2.8% in the 4th quarter. Calamos Wealth Management LLC now owns 2,007 shares of the technology company’s stock valued at $328,000 after buying an additional 55 shares during the last quarter. Avion Wealth increased its position in International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock worth $158,000 after buying an additional 56 shares during the period. Northwest Capital Management Inc lifted its holdings in shares of International Business Machines by 5.0% during the fourth quarter. Northwest Capital Management Inc now owns 1,230 shares of the technology company’s stock worth $201,000 after buying an additional 59 shares during the last quarter. Finally, Financial Security Advisor Inc. boosted its position in shares of International Business Machines by 2.7% in the fourth quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock valued at $384,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBM. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein boosted their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. BNP Paribas assumed coverage on International Business Machines in a research report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 price objective for the company. UBS Group raised their target price on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. Finally, Wedbush lifted their target price on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $181.29.

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International Business Machines Stock Performance

International Business Machines stock opened at $167.53 on Tuesday. International Business Machines Co. has a 12-month low of $122.34 and a 12-month high of $199.18. The stock has a 50-day simple moving average of $184.01 and a 200 day simple moving average of $172.53. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $153.89 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 4.11 and a beta of 0.74.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The firm had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $1.36 EPS. On average, research analysts anticipate that International Business Machines Co. will post 9.92 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 3.99%. International Business Machines’s dividend payout ratio is presently 75.65%.

International Business Machines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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