911 Shares in International Business Machines Corporation (NYSE:IBM) Bought by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 911 shares of the technology company's stock, valued at approximately $226,000.

Other large investors also recently made changes to their positions in the company. Capital World Investors grew its stake in shares of International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after acquiring an additional 9,650,534 shares in the last quarter. Norges Bank acquired a new stake in International Business Machines during the fourth quarter worth approximately $1,236,176,000. GAMMA Investing LLC lifted its holdings in shares of International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after buying an additional 4,384,958 shares in the last quarter. Northern Trust Corp grew its position in shares of International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after purchasing an additional 1,704,209 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after purchasing an additional 1,539,888 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE IBM traded up $4.74 during midday trading on Friday, hitting $286.74. The company's stock had a trading volume of 971,154 shares, compared to its average volume of 4,213,865. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16. The firm has a market capitalization of $266.49 billion, a price-to-earnings ratio of 49.29, a P/E/G ratio of 5.92 and a beta of 0.69. The stock has a fifty day moving average price of $275.65 and a 200 day moving average price of $253.56.

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

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. 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 dividend yield of 2.34%. International Business Machines's dividend payout ratio is presently 115.66%.

Analysts Set New Price Targets

A number of research firms recently issued reports on IBM. Wedbush upped their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Royal Bank Of Canada raised their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday. Bank of America raised 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. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets raised their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines has an average rating of "Moderate Buy" and a consensus target price of $266.19.

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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