56,855 Shares in International Business Machines Corporation (NYSE:IBM) Acquired by Generate Investment Management Ltd

Generate Investment Management Ltd purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 56,855 shares of the technology company's stock, valued at approximately $14,138,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Dimensions Group Ltd. lifted its stake in shares of International Business Machines by 1.0% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after buying an additional 40 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in International Business Machines by 0.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after purchasing an additional 42 shares in the last quarter. Schechter Investment Advisors LLC grew its position in shares of International Business Machines by 0.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock valued at $1,396,000 after purchasing an additional 43 shares in the last quarter. Titleist Asset Management LLC raised its position in shares of International Business Machines by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after buying an additional 43 shares in the last quarter. Finally, Range Financial Group LLC boosted its stake in International Business Machines by 0.6% during the first quarter. Range Financial Group LLC now owns 7,350 shares of the technology company's stock valued at $1,828,000 after buying an additional 43 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.5%

Shares of IBM stock traded up $1.43 during mid-day trading on Thursday, reaching $292.49. The stock had a trading volume of 3,617,544 shares, compared to its average volume of 4,221,083. 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 stock's 50-day moving average price is $260.83 and its two-hundred day moving average price is $246.71. The firm has a market capitalization of $271.84 billion, a PE ratio of 50.34, a price-to-earnings-growth ratio of 6.11 and a beta of 0.66. International Business Machines Corporation has a 52-week low of $170.48 and a 52-week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to analysts' expectations 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 previous year, the firm earned $1.68 earnings per share. Equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.30%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is currently 115.66%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America lifted their price target on International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada increased their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $253.75.

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.