TAP Consulting LLC Sells 80 Shares of International Business Machines Co. (NYSE:IBM)

TAP Consulting LLC decreased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,675 shares of the technology company’s stock after selling 80 shares during the quarter. TAP Consulting LLC’s holdings in International Business Machines were worth $274,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Naples Money Management LLC acquired a new stake in International Business Machines during the 4th quarter valued at 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 boosted its holdings 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 in the last quarter. Financial Gravity Asset Management Inc. boosted its holdings 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 in the last quarter. Finally, Cordant Inc. boosted its holdings 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 in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IBM shares. Stifel Nicolaus restated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a report on Wednesday, April 17th. Sanford C. Bernstein increased their target price on International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a report on Tuesday. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $200.00 in a report on Friday, January 19th. Finally, UBS Group increased their target price on International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $184.08.

International Business Machines Stock Down 1.0 %

IBM traded down $1.71 during mid-day trading on Friday, reaching $167.20. 8,982,844 shares of the stock were exchanged, compared to its average volume of 5,007,767. The stock has a market capitalization of $153.28 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 3.62 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. 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 company has a 50 day moving average price of $188.00 and a two-hundred day moving average price of $169.97.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, April 24th. The technology company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.50% and a net margin of 13.18%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 EPS. As a group, research analysts anticipate that International Business Machines Co. will post 10.04 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, February 8th. International Business Machines’s payout ratio is 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.