Del Sette Capital Management LLC Increases Stake in International Business Machines Corporation (NYSE:IBM)

Del Sette Capital Management LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 10.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,076 shares of the technology company's stock after buying an additional 1,048 shares during the period. International Business Machines makes up about 2.2% of Del Sette Capital Management LLC's investment portfolio, making the stock its 16th largest position. Del Sette Capital Management LLC's holdings in International Business Machines were worth $2,754,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of IBM. Meridian Wealth Advisors LLC boosted its holdings in shares of International Business Machines by 43.5% in the first quarter. Meridian Wealth Advisors LLC now owns 9,599 shares of the technology company's stock worth $2,387,000 after buying an additional 2,910 shares during the period. Sargent Investment Group LLC increased its position in shares of International Business Machines by 1.4% during the first quarter. Sargent Investment Group LLC now owns 63,850 shares of the technology company's stock valued at $15,877,000 after purchasing an additional 857 shares during the period. Lindbrook Capital LLC raised its stake in International Business Machines by 9.1% during the first quarter. Lindbrook Capital LLC now owns 5,278 shares of the technology company's stock worth $1,312,000 after acquiring an additional 442 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in International Business Machines by 146.7% in the first quarter. J.W. Cole Advisors Inc. now owns 46,675 shares of the technology company's stock valued at $11,606,000 after acquiring an additional 27,753 shares during the last quarter. Finally, WNY Asset Management LLC boosted its holdings in International Business Machines by 6.6% in the first quarter. WNY Asset Management LLC now owns 1,946 shares of the technology company's stock valued at $484,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $286.04 on Friday. 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 business has a 50-day moving average price of $276.39 and a two-hundred day moving average price of $254.26. International Business Machines Corporation has a 1-year low of $181.81 and a 1-year high of $296.16. The stock has a market capitalization of $265.85 billion, a P/E ratio of 49.23, a P/E/G ratio of 6.00 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share 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 company had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The business's quarterly revenue was up .5% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared 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 is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.35%. International Business Machines's payout ratio is currently 115.66%.

Analysts Set New Price Targets

Several research firms have weighed in on IBM. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. The Goldman Sachs Group increased their price target on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley decreased their target price on 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. Finally, Wedbush lifted their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $266.19.

About International Business Machines

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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