899 Shares in International Business Machines Corporation (NYSE:IBM) Purchased by Monument Capital Management

Monument Capital Management bought a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 899 shares of the technology company's stock, valued at approximately $223,000.

A number of other hedge funds also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth $31,000. Rialto Wealth Management LLC bought a new stake in International Business Machines in the 4th quarter valued at $35,000. Tacita Capital Inc grew its position in 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 purchasing an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. bought a new position in shares of International Business Machines during the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC bought a new position in shares of International Business Machines during the 4th quarter worth about $43,000. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IBM shares. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Morgan Stanley cut their price target 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. UBS Group reissued a "sell" rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Bank of America upped their target price on International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Finally, Wedbush raised their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, International Business Machines has a consensus rating of "Hold" and an average target price of $253.75.

International Business Machines Price Performance

Shares of NYSE:IBM traded down $3.51 on Tuesday, hitting $291.27. The stock had a trading volume of 3,271,929 shares, compared to its average volume of 4,217,187. The company has a market capitalization of $270.71 billion, a price-to-earnings ratio of 50.13, a price-to-earnings-growth ratio of 6.08 and a beta of 0.66. 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 firm's 50 day moving average price is $264.09 and its 200-day moving average price is $248.22. International Business Machines Corporation has a twelve month low of $173.38 and a twelve month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released 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 firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 earnings per share. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current 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 given a dividend of $1.68 per share. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.31%. International Business Machines's dividend payout ratio is 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.