Csenge Advisory Group Has $3.83 Million Stock Position in International Business Machines Corporation (NYSE:IBM)

Csenge Advisory Group lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,025 shares of the technology company's stock after purchasing an additional 1,368 shares during the period. Csenge Advisory Group's holdings in International Business Machines were worth $3,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines in the 1st quarter valued at $27,000. Measured Risk Portfolios Inc. bought a new stake in International Business Machines in the 4th quarter worth approximately $43,000. Park Square Financial Group LLC bought a new stake in International Business Machines in the 4th quarter worth approximately $43,000. Mascagni Wealth Management Inc. purchased a new position in International Business Machines in the 4th quarter worth approximately $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in International Business Machines in the 1st quarter worth approximately $45,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 1.4%

Shares of NYSE IBM traded up $4.04 during midday trading on Friday, reaching $286.04. 4,465,031 shares of the company's stock were exchanged, compared to its average volume of 4,232,093. International Business Machines Corporation has a 52-week low of $181.81 and a 52-week high of $296.16. The stock has a market capitalization of $265.85 billion, a PE ratio of 49.23, a price-to-earnings-growth ratio of 6.00 and a beta of 0.69. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The business's fifty day moving average price is $276.39 and its two-hundred day moving average price is $254.02.

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 company had revenue of $14.54 billion during 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%. The business'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. Analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.35%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 115.66%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IBM shares. The Goldman Sachs Group upped their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley lowered their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus raised their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Finally, Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.