International Business Machines Corporation (NYSE:IBM) Shares Bought by Foundations Investment Advisors LLC

Key Points

• Foundations Investment Advisors LLC increased its stake in International Business Machines Corporation (IBM) by 15.4%, acquiring an additional 5,885 shares to bring its total holdings to 44,001 shares valued at approximately $10.94 million.
• IBM recently reported a quarterly earnings per share (EPS) of $2.80, which exceeded analysts' expectations of $2.65, alongside a net revenue increase of 7.7% year-over-year.
• The company also announced a dividend increase to $1.68 per share, representing a 2.59% yield, with a payout ratio of 109.09%.

Foundations Investment Advisors LLC increased its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 15.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,001 shares of the technology company's stock after purchasing an additional 5,885 shares during the quarter. Foundations Investment Advisors LLC's holdings in International Business Machines were worth $10,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines in the 1st quarter valued at approximately $27,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in International Business Machines during the first quarter valued at $45,000. Park Square Financial Group LLC purchased a new position in International Business Machines during the fourth quarter valued at $43,000. Park Place Capital Corp raised its stake in International Business Machines by 42.6% during the first quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock valued at $48,000 after buying an additional 58 shares during the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new position in International Business Machines during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 1.7%

NYSE IBM traded down $4.43 during midday trading on Thursday, hitting $255.83. 2,595,286 shares of the company traded hands, compared to its average volume of 4,621,772. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market cap of $237.76 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 4.05 and a beta of 0.69. The company's 50-day simple moving average is $277.48 and its 200-day simple moving average is $256.64. International Business Machines Corporation has a 52 week low of $181.81 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.43 EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. JPMorgan Chase & Co. lifted their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Morgan Stanley lowered their price objective 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, The Goldman Sachs Group lifted their price objective 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of "Moderate Buy" and an average price target of $268.75.

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.