3Chopt Investment Partners LLC Makes New Investment in International Business Machines Corporation (NYSE:IBM)

3Chopt Investment Partners LLC bought a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,860 shares of the technology company's stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vision Financial Markets LLC bought a new position in International Business Machines in the 4th quarter worth about $31,000. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth approximately $35,000. Tacita Capital Inc lifted its stake in shares of International Business Machines by 174.3% in the 4th 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. Park Square Financial Group LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth approximately $43,000. Finally, Park Place Capital Corp lifted its stake in shares of International Business Machines by 42.6% in the 1st quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock worth $48,000 after acquiring an additional 58 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 0.8%

Shares of NYSE:IBM opened at $289.69 on Friday. 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 company has a market cap of $269.24 billion, a PE ratio of 49.86, a price-to-earnings-growth ratio of 6.13 and a beta of 0.66. International Business Machines Corporation has a 52 week low of $170.53 and a 52 week high of $296.16. The firm has a 50 day simple moving average of $262.93 and a 200 day simple moving average of $247.54.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The business 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 firm's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.32%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. UBS Group reaffirmed a "sell" rating and issued a $170.00 price target (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Wedbush increased their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Finally, Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $253.75.

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.

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