Yousif Capital Management LLC lessened its stake in International Business Machines Corporation (NYSE:IBM – Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,790 shares of the technology company’s stock after selling 4,127 shares during the period. International Business Machines comprises 0.5% of Yousif Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Yousif Capital Management LLC’s holdings in International Business Machines were worth $45,334,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Pegasus Asset Management Inc. lifted its stake in shares of International Business Machines by 7.9% in the second quarter. Pegasus Asset Management Inc. now owns 2,877 shares of the technology company’s stock valued at $848,000 after buying an additional 210 shares during the period. Cypress Capital Group lifted its stake in shares of International Business Machines by 5.2% in the second quarter. Cypress Capital Group now owns 17,669 shares of the technology company’s stock valued at $5,208,000 after buying an additional 881 shares during the period. Bill Few Associates Inc. lifted its stake in shares of International Business Machines by 9.6% in the second quarter. Bill Few Associates Inc. now owns 16,908 shares of the technology company’s stock valued at $4,984,000 after buying an additional 1,483 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in shares of International Business Machines by 21.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 260 shares of the technology company’s stock valued at $77,000 after buying an additional 46 shares during the period. Finally, Carbahal Olsen Financial Services Group LLC acquired a new position in International Business Machines in the second quarter worth about $210,000. Institutional investors own 58.96% of the company’s stock.
International Business Machines Price Performance
Shares of International Business Machines stock opened at $278.09 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $258.45 billion, a price-to-earnings ratio of 45.14, a P/E/G ratio of 4.28 and a beta of 0.73. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The firm’s 50-day moving average price is $258.19 and its two-hundred day moving average price is $260.78.
International Business Machines Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio is currently 109.09%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Royal Bank Of Canada increased their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. UBS Group increased their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research report on Wednesday, October 8th. Finally, BMO Capital Markets increased their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $284.62.
Read Our Latest Analysis on International Business Machines
International Business Machines Company 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.
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