Hudson Edge Investment Partners Inc. Sells 6,064 Shares of International Business Machines Corporation (NYSE:IBM)

Hudson Edge Investment Partners Inc. lowered its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 20.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,034 shares of the technology company’s stock after selling 6,064 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in International Business Machines were worth $5,976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Vision Financial Markets LLC bought a new position in International Business Machines during the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $35,000. Measured Risk Portfolios Inc. bought a new position in shares of International Business Machines during the 4th quarter valued at approximately $43,000. Park Square Financial Group LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at $43,000. Finally, Mascagni Wealth Management Inc. bought a new stake in International Business Machines in the fourth quarter worth $43,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 1.2%

Shares of IBM opened at $287.79 on Thursday. The firm has a market capitalization of $267.47 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 6.11 and a beta of 0.69. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. International Business Machines Corporation has a 1-year low of $173.95 and a 1-year high of $296.16. The company has a 50-day moving average of $265.93 and a 200 day moving average of $248.79.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 earnings per share. On average, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.34%. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is currently 115.66%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. BMO Capital Markets reiterated a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Wedbush boosted their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. The Goldman Sachs Group lifted their target price on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target of $257.50.

International Business Machines Company 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.