Aurora Private Wealth Inc. Purchases 12,387 Shares of International Business Machines Corporation (NYSE:IBM)

Aurora Private Wealth Inc. boosted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 803.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,929 shares of the technology company's stock after purchasing an additional 12,387 shares during the quarter. Aurora Private Wealth Inc.'s holdings in International Business Machines were worth $3,464,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MinichMacGregor Wealth Management LLC bought a new stake in International Business Machines in the 1st quarter valued at $396,000. Treasurer of the State of North Carolina increased 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 buying an additional 4,131 shares in the last quarter. Mufg Securities Americas Inc. bought a new position in shares of International Business Machines in the fourth quarter worth about $3,000,000. Magnolia Private Wealth LLC bought a new position in International Business Machines in the 1st quarter valued at $239,000. Finally, QRG Capital Management Inc. boosted its holdings in 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 acquiring an additional 10,467 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 0.5%

IBM traded up $1.43 during trading on Thursday, reaching $292.49. 3,617,544 shares of the stock traded hands, compared to its average volume of 4,221,083. The stock's 50-day moving average is $260.83 and its 200 day moving average is $246.71. International Business Machines Corporation has a 12 month low of $170.48 and a 12 month high of $296.16. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $271.84 billion, a PE ratio of 50.34, a P/E/G ratio of 6.11 and a beta of 0.66.

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. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The firm's revenue for the quarter was up .5% on a year-over-year basis. Equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced 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 represents a $6.72 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is presently 115.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IBM. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Morgan Stanley reduced their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Wedbush upped their price target 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. Bank of America boosted their target price on International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Finally, Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. 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 assigned a strong buy rating to the company. According to MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus target price 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.