Simplicity Solutions LLC Has $6.36 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Simplicity Solutions LLC boosted its stake in International Business Machines Co. (NYSE:IBM) by 7.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 38,885 shares of the technology company’s stock after buying an additional 2,775 shares during the period. Simplicity Solutions LLC’s holdings in International Business Machines were worth $6,360,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Graypoint LLC boosted its holdings in International Business Machines by 19.2% in the 4th quarter. Graypoint LLC now owns 9,038 shares of the technology company’s stock valued at $1,478,000 after purchasing an additional 1,453 shares during the period. Koshinski Asset Management Inc. lifted its holdings in shares of International Business Machines by 3.6% during the 4th quarter. Koshinski Asset Management Inc. now owns 6,536 shares of the technology company’s stock worth $1,069,000 after acquiring an additional 229 shares during the period. Ingalls & Snyder LLC lifted its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Ingalls & Snyder LLC now owns 20,325 shares of the technology company’s stock worth $3,324,000 after acquiring an additional 157 shares during the period. NewEdge Wealth LLC lifted its holdings in shares of International Business Machines by 64.8% during the 4th quarter. NewEdge Wealth LLC now owns 9,330 shares of the technology company’s stock worth $1,526,000 after acquiring an additional 3,667 shares during the period. Finally, Vaughan David Investments LLC IL lifted its holdings in shares of International Business Machines by 0.6% during the 4th quarter. Vaughan David Investments LLC IL now owns 13,549 shares of the technology company’s stock worth $2,216,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of a number of recent analyst reports. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Sanford C. Bernstein upped their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Societe Generale reiterated a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. Jefferies Financial Group assumed coverage on shares of International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price objective for the company. Finally, StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $176.85.

International Business Machines Trading Down 2.0 %

Shares of IBM traded down $3.63 during trading hours on Friday, hitting $182.27. 3,547,378 shares of the stock were exchanged, compared to its average volume of 3,623,920. International Business Machines Co. has a fifty-two week low of $120.55 and a fifty-two week high of $199.18. 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 business has a 50-day moving average of $188.66 and a 200-day moving average of $167.51. The firm has a market capitalization of $167.09 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 3.64 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping 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 company had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same period in the prior year, the company posted $3.60 earnings per share. International Business Machines’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, research analysts expect that International Business Machines Co. will post 10.07 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a dividend of $1.66 per share. 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 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.