International Business Machines Corporation (NYSE:IBM) Shares Acquired by Bailard Inc.

Bailard Inc. grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 63.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,323 shares of the technology company's stock after buying an additional 5,543 shares during the period. Bailard Inc.'s holdings in International Business Machines were worth $3,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the first quarter worth $27,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in International Business Machines during the first quarter worth $45,000. Park Square Financial Group LLC purchased a new position in International Business Machines during the fourth quarter worth $43,000. Park Place Capital Corp boosted its stake in International Business Machines by 42.6% during the first quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock worth $48,000 after buying an additional 58 shares during the period. Finally, Measured Risk Portfolios Inc. purchased a new position in International Business Machines during the fourth quarter worth $43,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

NYSE IBM traded up $4.04 during trading hours on Friday, reaching $286.04. The stock had a trading volume of 4,465,031 shares, compared to its average volume of 4,232,093. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. International Business Machines Corporation has a 52-week low of $181.81 and a 52-week high of $296.16. The stock has a fifty day moving average of $276.39 and a 200 day moving average of $254.26. The stock has a market cap of $265.85 billion, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 6.00 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. The business's quarterly revenue was up .5% compared to the same quarter last year. Sell-side 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 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 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 2.35%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IBM. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Royal Bank Of Canada lifted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their target price on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.