Tilt Investment Management Holdings PBC Cuts Holdings in International Business Machines Co. (NYSE:IBM)

Tilt Investment Management Holdings PBC decreased its position in International Business Machines Co. (NYSE:IBM) by 22.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,744 shares of the technology company’s stock after selling 1,057 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in International Business Machines were worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IBM. Desjardins Global Asset Management Inc. increased its holdings in shares of International Business Machines by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,940 shares of the technology company’s stock worth $644,000 after buying an additional 54 shares during the last quarter. Avion Wealth lifted its stake in shares of International Business Machines by 6.2% in the 4th quarter. Avion Wealth now owns 964 shares of the technology company’s stock valued at $158,000 after purchasing an additional 56 shares during the last quarter. Financial Security Advisor Inc. boosted its holdings in shares of International Business Machines by 2.7% in the 4th quarter. Financial Security Advisor Inc. now owns 2,346 shares of the technology company’s stock worth $384,000 after purchasing an additional 61 shares during the period. Cornerstone Wealth Group LLC raised its holdings in International Business Machines by 3.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 1,734 shares of the technology company’s stock valued at $284,000 after buying an additional 61 shares during the period. Finally, Webster Bank N. A. lifted its position in International Business Machines by 0.9% in the fourth quarter. Webster Bank N. A. now owns 7,131 shares of the technology company’s stock worth $1,166,000 after buying an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research note on Wednesday. BMO Capital Markets lifted their target price on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Sanford C. Bernstein upped their price target on shares of 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. Royal Bank of Canada boosted their price objective on shares of International Business Machines from $179.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group assumed coverage on International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $178.67.

International Business Machines Price Performance

International Business Machines stock traded down $1.89 during trading on Thursday, reaching $181.21. The company had a trading volume of 1,744,296 shares, compared to its average volume of 4,788,086. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96. The firm’s 50-day simple moving average is $188.61 and its 200 day simple moving average is $168.54. The firm has a market capitalization of $166.12 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 3.60 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 released its earnings results on Wednesday, January 24th. The technology company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.60 earnings per share. As a group, equities research analysts anticipate that International Business Machines Co. will post 10.07 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, February 8th. International Business Machines’s dividend payout ratio is currently 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.