Efficient Advisors LLC Invests $230,000 in International Business Machines Corporation (NYSE:IBM)

Efficient Advisors LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 924 shares of the technology company's stock, valued at approximately $230,000.

Several other large investors have also added to or reduced their stakes in the business. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the first quarter worth approximately $27,000. Measured Risk Portfolios Inc. purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Park Square Financial Group LLC purchased a new stake in International Business Machines in the 4th quarter valued at $43,000. Mascagni Wealth Management Inc. bought a new position in International Business Machines during the 4th quarter valued at $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in International Business Machines during the 1st quarter valued at $45,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Down 0.3%

NYSE IBM traded down $0.81 during mid-day trading on Friday, reaching $259.70. 7,751,998 shares of the stock were exchanged, compared to its average volume of 4,403,863. International Business Machines Corporation has a 1-year low of $181.81 and a 1-year high of $296.16. The business's fifty day simple moving average is $277.69 and its 200 day simple moving average is $256.04. The stock has a market capitalization of $241.36 billion, a PE ratio of 42.16, a PEG ratio of 5.50 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.97 and a current ratio of 0.91.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 109.09%.

Analysts Set New Price Targets

IBM has been the topic of a number of recent research reports. KGI Securities set a $242.00 price target on International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. Royal Bank Of Canada upped their price target on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wedbush upped their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Finally, BMO Capital Markets upped their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $268.75.

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.