Derbend Asset Administration decreased its stake in Worldwide Enterprise Machines Co. (NYSE:IBM – Get Score) by 31.8% through the 1st quarter, based on its most up-to-date Type 13F submitting with the Securities & Trade Fee. The fund owned 3,533 shares of the expertise firm’s inventory after promoting 1,645 shares through the interval. Derbend Asset Administration’s holdings in Worldwide Enterprise Machines had been value $463,000 as of its most up-to-date SEC submitting.

A number of different hedge funds additionally not too long ago added to or decreased their stakes in IBM. Fiduciary Alliance LLC acquired a brand new stake in shares of Worldwide Enterprise Machines within the fourth quarter valued at roughly $25,000. Crimson Tortoise LLC acquired a brand new stake in shares of Worldwide Enterprise Machines within the fourth quarter valued at roughly $27,000. Lam Group Inc. acquired a brand new stake in shares of Worldwide Enterprise Machines within the fourth quarter valued at roughly $28,000. Reside Oak Funding Companions acquired a brand new stake in shares of Worldwide Enterprise Machines within the fourth quarter valued at roughly $30,000. Lastly, Western Pacific Wealth Administration LP acquired a brand new stake in shares of Worldwide Enterprise Machines within the fourth quarter valued at roughly $35,000. 55.71% of the inventory is at present owned by hedge funds and different institutional buyers.

Worldwide Enterprise Machines Value Efficiency

Worldwide Enterprise Machines inventory traded up $1.15 throughout noon buying and selling on Monday, reaching $130.58. 1,111,633 shares of the corporate had been exchanged, in comparison with its common quantity of 4,855,031. The corporate has a market capitalization of $118.57 billion, a price-to-earnings ratio of 65.32, a P/E/G ratio of three.41 and a beta of 0.85. The agency’s 50-day easy transferring common is $128.64 and its 200-day easy transferring common is $133.02. Worldwide Enterprise Machines Co. has a 1 12 months low of $115.54 and a 1 12 months excessive of $153.21. The corporate has a debt-to-equity ratio of two.48, a fast ratio of 1.11 and a present ratio of 1.16.

Worldwide Enterprise Machines (NYSE:IBM – Get Score) final posted its quarterly earnings knowledge on Wednesday, April nineteenth. The expertise firm reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.09. The agency had income of $14.25 billion through the quarter, in comparison with analysts’ expectations of $14.33 billion. Worldwide Enterprise Machines had a return on fairness of 39.86% and a internet margin of three.03%. The agency’s quarterly income was up .4% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the enterprise posted $1.40 EPS. On common, analysts anticipate that Worldwide Enterprise Machines Co. will put up 9.31 EPS for the present 12 months.

Worldwide Enterprise Machines Will increase Dividend

The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Saturday, June tenth. Buyers of document on Wednesday, Might tenth got a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized foundation and a yield of 5.09%. The ex-dividend date of this dividend was Tuesday, Might ninth. This can be a increase from Worldwide Enterprise Machines’s earlier quarterly dividend of $1.65. Worldwide Enterprise Machines’s dividend payout ratio (DPR) is at present 337.06%.

Wall Road Analyst Weigh In

IBM has been the topic of a number of latest analysis reviews. Stifel Nicolaus decreased their worth goal on Worldwide Enterprise Machines from $150.00 to $140.00 and set a “purchase” score for the corporate in a report on Thursday, April twentieth. Evercore ISI decreased their goal worth on Worldwide Enterprise Machines from $150.00 to $140.00 and set an “inline” score for the corporate in a report on Thursday, April twentieth. Credit score Suisse Group decreased their goal worth on Worldwide Enterprise Machines from $165.00 to $162.00 and set an “outperform” score for the corporate in a report on Thursday, April thirteenth. BMO Capital Markets decreased their goal worth on Worldwide Enterprise Machines from $155.00 to $145.00 and set a “market carry out” score for the corporate in a report on Thursday, April twentieth. Lastly, StockNews.com assumed protection on Worldwide Enterprise Machines in a report on Thursday, Might 18th. They issued a “maintain” score for the corporate. One analysis analyst has rated the inventory with a promote score, six have issued a maintain score and two have assigned a purchase score to the corporate. In accordance with knowledge from MarketBeat, the inventory at present has a consensus score of “Maintain” and a consensus worth goal of $139.20.

About Worldwide Enterprise Machines

(Get Score)

Worldwide Enterprise Machines Company, along with its subsidiaries, supplies built-in options and providers worldwide. The corporate operates via 4 enterprise segments: Software program, Consulting, Infrastructure, and Financing. The Software program phase affords hybrid cloud platform and software program options; software program for enterprise automation, AIOps and administration, integration, and software servers; knowledge and synthetic intelligence options; and safety software program and providers for menace, knowledge, and id.

Learn Extra

Wish to see what different hedge funds are holding IBM? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Worldwide Enterprise Machines Co. (NYSE:IBM – Get Score).

This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected].

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