Guyasuta Investment Advisors Inc. Decreases Holdings in International Business Machines Co. (NYSE:IBM)

Guyasuta Investment Advisors Inc. trimmed its stake in International Business Machines Co. (NYSE:IBM) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 50,087 shares of the technology company’s stock after selling 586 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in International Business Machines were worth $8,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in International Business Machines by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after buying an additional 365,388 shares in the last quarter. Morgan Stanley grew its holdings in shares of International Business Machines by 13.4% during the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after buying an additional 1,919,490 shares during the last quarter. Northern Trust Corp grew its holdings in shares of International Business Machines by 4.2% during the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock valued at $1,398,886,000 after buying an additional 404,948 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in International Business Machines by 10.2% in the third quarter. Bank of New York Mellon Corp now owns 8,691,369 shares of the technology company’s stock valued at $1,219,399,000 after purchasing an additional 807,357 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in International Business Machines by 15.9% in the third quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock valued at $890,322,000 after purchasing an additional 871,247 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on IBM. Jefferies Financial Group lowered their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Evercore raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $165.00 to $200.00 in a report on Friday, January 19th. Societe Generale reiterated a “sell” rating and issued a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. Finally, Wedbush upped their price objective on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Down 0.3 %

NYSE:IBM traded down $0.46 during midday trading on Monday, hitting $166.67. 1,697,820 shares of the company were exchanged, compared to its average volume of 4,967,001. 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 current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $152.79 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 4.08 and a beta of 0.70. The company has a fifty day simple moving average of $187.60 and a 200 day simple moving average of $170.53.

International Business Machines (NYSE:IBM) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. The business had revenue of $14.46 billion for the quarter, compared to the consensus estimate of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. As a group, equities analysts anticipate that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 75.20%.

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.