Godsey & Gibb Inc. Has $29 Million Stake in International Business Machines Co. (NYSE:IBM)

Godsey & Gibb Inc. decreased its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,628 shares of the technology company's stock after selling 3,414 shares during the period. International Business Machines makes up about 2.8% of Godsey & Gibb Inc.'s investment portfolio, making the stock its 5th largest position. Godsey & Gibb Inc.'s holdings in International Business Machines were worth $29,001,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Persium Advisors LLC raised its position in shares of International Business Machines by 2.3% in the 1st quarter. Persium Advisors LLC now owns 3,160 shares of the technology company's stock valued at $786,000 after purchasing an additional 72 shares during the last quarter. Holland Advisory Services Inc. grew its stake in shares of International Business Machines by 12.0% during the 1st quarter. Holland Advisory Services Inc. now owns 1,445 shares of the technology company's stock worth $359,000 after purchasing an additional 155 shares during the period. Intergy Private Wealth LLC grew its stake in International Business Machines by 1.3% in the 1st quarter. Intergy Private Wealth LLC now owns 4,746 shares of the technology company's stock valued at $1,180,000 after acquiring an additional 61 shares during the period. Gateway Investment Advisers LLC grew its stake in International Business Machines by 634.4% in the 1st quarter. Gateway Investment Advisers LLC now owns 40,401 shares of the technology company's stock valued at $10,046,000 after acquiring an additional 34,900 shares during the period. Finally, Vanguard Capital Wealth Advisors grew its stake in International Business Machines by 5.5% in the 1st quarter. Vanguard Capital Wealth Advisors now owns 960 shares of the technology company's stock valued at $239,000 after acquiring an additional 50 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

IBM traded up $4.09 on Tuesday, hitting $276.17. The company had a trading volume of 5,160,847 shares, compared to its average volume of 4,226,181. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company's fifty day moving average price is $249.27 and its 200 day moving average price is $242.69. The stock has a market cap of $256.67 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a 1-year low of $166.81 and a 1-year high of $277.47.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business 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. International Business Machines's quarterly revenue was up .5% on a year-over-year basis. Equities analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.43%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent research reports. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Royal Bank of Canada lifted their target price on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $250.31.

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.