Yousif Capital Management LLC Sells 7,327 Shares of International Business Machines Co. (NYSE:IBM)

Yousif Capital Management LLC trimmed its position in International Business Machines Co. (NYSE:IBM) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 196,563 shares of the technology company’s stock after selling 7,327 shares during the period. Yousif Capital Management LLC’s holdings in International Business Machines were worth $32,148,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vontobel Holding Ltd. lifted its stake in shares of International Business Machines by 20.3% in the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after acquiring an additional 80,474 shares during the last quarter. Natixis Advisors L.P. raised its position in International Business Machines by 18.1% during the 3rd quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock worth $52,235,000 after purchasing an additional 57,170 shares during the last quarter. Herold Advisors Inc. raised its position in International Business Machines by 3.2% during the 3rd quarter. Herold Advisors Inc. now owns 21,880 shares of the technology company’s stock worth $3,070,000 after purchasing an additional 688 shares during the last quarter. Tsfg LLC raised its position in International Business Machines by 40.5% during the 4th quarter. Tsfg LLC now owns 378 shares of the technology company’s stock worth $62,000 after purchasing an additional 109 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new position in International Business Machines during the 3rd quarter worth $661,000. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IBM. Sanford C. Bernstein raised their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Evercore raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Societe Generale reiterated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. UBS Group increased their price target on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday. Finally, Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average target price of $177.23.

International Business Machines Stock Up 0.2 %

Shares of IBM traded up $0.29 during trading hours on Tuesday, hitting $182.19. The stock had a trading volume of 5,921,450 shares, compared to its average volume of 4,773,702. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $188.35 and a 200-day simple moving average of $169.88. The firm has a market capitalization of $167.02 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. International Business Machines Co. has a 1-year low of $120.55 and a 1-year high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business had revenue of $17.38 billion for the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter last year, the firm earned $3.60 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Co. will post 10.04 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.64%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is presently 81.67%.

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.