2,971 Shares in International Business Machines Co. (NYSE:IBM) Purchased by Curat Global LLC

Curat Global LLC purchased a new position in International Business Machines Co. (NYSE:IBM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,971 shares of the technology company's stock, valued at approximately $739,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Compass Financial Services Inc purchased a new stake in International Business Machines in the fourth quarter worth $26,000. Vision Financial Markets LLC purchased a new stake in International Business Machines in the fourth quarter worth $31,000. Rialto Wealth Management LLC purchased a new stake in International Business Machines in the fourth quarter worth $35,000. Tacita Capital Inc lifted its stake in International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after acquiring an additional 122 shares during the period. Finally, Measured Risk Portfolios Inc. purchased a new stake in International Business Machines in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IBM shares. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Royal Bank of Canada increased their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Oppenheimer began coverage on International Business Machines in a report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price objective for the company. Finally, Morgan Stanley decreased their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $249.06.

International Business Machines Stock Up 0.8%

Shares of NYSE:IBM traded up $2.09 on Friday, hitting $268.95. 2,494,389 shares of the company traded hands, compared to its average volume of 4,215,876. International Business Machines Co. has a 52 week low of $166.81 and a 52 week high of $270.12. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a 50 day simple moving average of $247.80 and a 200-day simple moving average of $241.38. The company has a market cap of $249.96 billion, a PE ratio of 41.96, a PEG ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM - Get Free Report) last issued 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. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period last year, the company earned $1.68 earnings per share. The company's revenue was up .5% on a year-over-year basis. As a group, research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.50%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

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.