DSG Capital Advisors LLC Acquires Shares of 1,693 International Business Machines Co. (NYSE:IBM)

DSG Capital Advisors LLC bought a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,693 shares of the technology company's stock, valued at approximately $372,000.

Several other institutional investors have also recently made changes to their positions in the business. Compass Financial Services Inc bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $26,000. Vision Financial Markets LLC bought a new stake in International Business Machines in the 4th quarter valued at $31,000. Rialto Wealth Management LLC purchased a new stake in International Business Machines in the 4th quarter worth $35,000. Tacita Capital Inc boosted its holdings in shares of International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares during the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of International Business Machines during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IBM. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. 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 report on Thursday, April 24th. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $249.06.

International Business Machines Stock Up 0.1%

Shares of IBM stock traded up $0.19 during trading hours on Friday, reaching $258.88. 9,667,740 shares of the company's stock were exchanged, compared to its average volume of 4,225,727. International Business Machines Co. has a 1 year low of $163.53 and a 1 year high of $269.28. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a market cap of $240.60 billion, a PE ratio of 40.39, a PEG ratio of 5.81 and a beta of 0.64. The stock's fifty day moving average price is $246.37 and its two-hundred day moving average price is $239.81.

International Business Machines (NYSE:IBM - Get Free Report) last released its 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. The company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. Research analysts predict that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.60%. 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%.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This represents a 37.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

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.