Advisor Resource Council Takes $4.57 Million Position in International Business Machines Corporation (NYSE:IBM)

Advisor Resource Council acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,574 shares of the technology company's stock, valued at approximately $4,571,000.

A number of other institutional investors also recently bought and sold shares of the company. Capital World Investors raised its position 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 valued at $2,634,577,000 after buying an additional 9,650,534 shares during the period. Norges Bank acquired a new stake in International Business Machines during the fourth quarter worth $1,236,176,000. GAMMA Investing LLC raised its position in International Business Machines by 29,564.2% in the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after purchasing an additional 4,384,958 shares during the period. Raymond James Financial Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at $592,746,000. Finally, Northern Trust Corp grew its holdings 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 during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.0%

Shares of NYSE:IBM opened at $283.15 on Friday. International Business Machines Corporation has a 52 week low of $170.41 and a 52 week high of $286.91. The company's 50 day moving average is $256.81 and its two-hundred day moving average is $245.20. The company has a market cap of $263.16 billion, a PE ratio of 48.74, a P/E/G ratio of 5.95 and a beta of 0.66. 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 (NYSE:IBM - Get Free Report) last posted its 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 firm had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. International Business Machines's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. Equities analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.37%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Analysts Set New Price Targets

IBM has been the subject of several research analyst reports. 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. Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Royal Bank Of Canada lifted their target price on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Wedbush restated an "outperform" rating and set a $300.00 price target on shares of International Business Machines in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, International Business Machines has a consensus rating of "Hold" and an average target price of $252.19.

International Business Machines 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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