Clarity Capital Partners LLC Purchases New Position in International Business Machines Corporation (NYSE:IBM)

Clarity Capital Partners LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,110 shares of the technology company's stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBM. MinichMacGregor Wealth Management LLC bought a new stake in shares of International Business Machines during the first quarter worth about $396,000. Treasurer of the State of North Carolina increased its position in shares of International Business Machines by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Mufg Securities Americas Inc. bought a new stake in shares of International Business Machines during the fourth quarter worth about $3,000,000. Magnolia Private Wealth LLC bought a new stake in shares of International Business Machines during the first quarter worth about $239,000. Finally, Ferguson Wellman Capital Management Inc. increased its position in shares of International Business Machines by 0.8% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 141,448 shares of the technology company's stock worth $35,172,000 after acquiring an additional 1,058 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IBM shares. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. The Goldman Sachs Group upped their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Morgan Stanley reduced their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $257.50.

International Business Machines Stock Performance

IBM traded up $4.01 during midday trading on Friday, reaching $291.66. The company had a trading volume of 1,853,289 shares, compared to its average volume of 4,231,670. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market cap of $271.06 billion, a PE ratio of 50.20, a P/E/G ratio of 6.13 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $174.45 and a 12-month high of $296.16. The business has a 50-day moving average price of $268.36 and a two-hundred day moving average price of $249.86.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.30%. International Business Machines's dividend payout ratio is presently 115.66%.

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.