Clarius Group LLC Acquires 1,545 Shares of International Business Machines Corporation (NYSE:IBM)

Clarius Group LLC raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 29.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,785 shares of the technology company's stock after acquiring an additional 1,545 shares during the quarter. Clarius Group LLC's holdings in International Business Machines were worth $1,687,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hemenway Trust Co LLC lifted its stake in International Business Machines by 9.5% in the 1st quarter. Hemenway Trust Co LLC now owns 3,630 shares of the technology company's stock valued at $903,000 after purchasing an additional 314 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of International Business Machines during the first quarter worth $221,000. Bell Bank increased its holdings in shares of International Business Machines by 0.4% during the first quarter. Bell Bank now owns 51,550 shares of the technology company's stock worth $12,818,000 after buying an additional 185 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of International Business Machines by 19.4% in the 1st quarter. Rakuten Securities Inc. now owns 874 shares of the technology company's stock valued at $217,000 after acquiring an additional 142 shares during the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in shares of International Business Machines by 17.8% during the 1st quarter. Insigneo Advisory Services LLC now owns 7,333 shares of the technology company's stock valued at $1,824,000 after acquiring an additional 1,107 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IBM shares. KGI Securities set a $242.00 target price on International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Royal Bank Of Canada boosted their target price on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $250.31.

International Business Machines Stock Performance

IBM stock opened at $282.96 on Wednesday. The firm has a market cap of $262.98 billion, a PE ratio of 48.70, a price-to-earnings-growth ratio of 5.92 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. The stock has a 50-day moving average price of $254.78 and a 200-day moving average price of $244.55. International Business Machines Corporation has a 1-year low of $168.38 and a 1-year high of $284.79.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results 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 during the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The firm's revenue was up .5% on a year-over-year basis. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $1.68 dividend. 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 payout ratio is currently 115.66%.

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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