Yousif Capital Management LLC Has $32.15 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Yousif Capital Management LLC lowered its position in International Business Machines Co. (NYSE:IBM) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,563 shares of the technology company’s stock after selling 7,327 shares during the quarter. Yousif Capital Management LLC’s holdings in International Business Machines were worth $32,148,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Naples Money Management LLC bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $28,000. Briaud Financial Planning Inc bought a new position in shares of International Business Machines during the 3rd quarter worth approximately $31,000. Stone House Investment Management LLC lifted its position in shares of International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 204 shares during the period. Financial Gravity Asset Management Inc. lifted its position in shares of International Business Machines by 67.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock worth $32,000 after buying an additional 91 shares during the period. Finally, Cordant Inc. lifted its position in shares of International Business Machines by 753.3% during the 4th quarter. Cordant Inc. now owns 256 shares of the technology company’s stock worth $42,000 after buying an additional 226 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.2 %

Shares of NYSE IBM traded up $0.29 during midday trading 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’s 50-day simple moving average is $188.35 and its 200 day simple moving average is $169.88. The firm has a market cap 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 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.

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

International Business Machines Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.64%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

Analysts Set New Price Targets

IBM has been the subject of several analyst reports. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore upgraded 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. Bank of America raised their target price on International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Stifel Nicolaus restated a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group cut their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $177.23.

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.