International Business Machines Co. (NYSE:IBM) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 853.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,379 shares of the technology company's stock after buying an additional 11,081 shares during the quarter. Annex Advisory Services LLC's holdings in International Business Machines were worth $3,078,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IBM. Treasurer of the State of North Carolina boosted its stake in shares of International Business Machines by 0.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after purchasing an additional 4,131 shares during the period. Blue Zone Wealth Advisors LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at $242,000. Truist Financial Corp boosted its stake in shares of International Business Machines by 6.5% in the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock valued at $178,296,000 after purchasing an additional 49,591 shares during the period. Mufg Securities Americas Inc. purchased a new position in shares of International Business Machines in the fourth quarter valued at $3,000,000. Finally, QRG Capital Management Inc. boosted its stake in shares of International Business Machines by 7.5% in the fourth quarter. QRG Capital Management Inc. now owns 150,652 shares of the technology company's stock valued at $33,118,000 after purchasing an additional 10,467 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $1.23 on Thursday, reaching $266.75. 2,655,316 shares of the company's stock were exchanged, compared to its average volume of 4,214,720. The firm has a market capitalization of $247.92 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a fifty-two week low of $166.80 and a fifty-two week high of $269.28. The business's 50-day moving average is $247.45 and its two-hundred day moving average is $240.98. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The company 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 9.60% and a return on equity of 38.99%. The firm's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 earnings per share. As a group, equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.52%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. UBS Group reiterated a "sell" rating and set a $170.00 price objective (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $249.06.

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.