Sapient Capital LLC Sells 665 Shares of International Business Machines Co. (NYSE:IBM)

Sapient Capital LLC lowered its position in International Business Machines Co. (NYSE:IBM) by 19.9% during the 1st quarter, HoldingsChannel reports. The firm owned 2,681 shares of the technology company’s stock after selling 665 shares during the period. Sapient Capital LLC’s holdings in International Business Machines were worth $512,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IBM. Naples Money Management LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $29,000. Briaud Financial Planning Inc purchased a new stake in International Business Machines during the third quarter valued at about $31,000. Ables Iannone Moore & Associates Inc. purchased a new stake in International Business Machines during the fourth quarter valued at about $31,000. Finally, Stone House Investment Management LLC boosted its position in International Business Machines by 971.4% during the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 204 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on IBM. Bank of America upped their price target on shares of International Business Machines from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. dropped their target price on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Morgan Stanley dropped their target price on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday. Wedbush increased their target price on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets dropped their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Two equities research 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 MarketBeat, the company has a consensus rating of “Hold” and an average price target of $184.08.

International Business Machines Stock Down 0.7 %

Shares of IBM traded down $1.24 on Tuesday, hitting $166.19. 6,010,206 shares of the stock traded hands, compared to its average volume of 5,023,267. The company has a market capitalization of $152.35 billion, a PE ratio of 18.82, a P/E/G ratio of 4.08 and a beta of 0.70. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The business has a 50 day simple moving average of $186.85 and a 200 day simple moving average of $170.91. International Business Machines Co. has a one year low of $120.55 and a one year high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly 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. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts forecast that International Business Machines Co. will post 9.99 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 4.02%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

About International Business Machines

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.