Hudson Valley Investment Advisors Inc. ADV Increases Stake in International Business Machines Co. (NYSE:IBM)

Hudson Valley Investment Advisors Inc. ADV raised its position in International Business Machines Co. (NYSE:IBM - Free Report) by 133.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 30,808 shares of the technology company's stock after purchasing an additional 17,596 shares during the period. Hudson Valley Investment Advisors Inc. ADV's holdings in International Business Machines were worth $7,661,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in International Business Machines in the 4th quarter valued at $26,000. Vision Financial Markets LLC purchased a new position in International Business Machines in the 4th quarter valued at $31,000. Rialto Wealth Management LLC purchased a new position in shares of International Business Machines during the 4th quarter worth $35,000. Tacita Capital Inc raised 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 worth $42,000 after acquiring an additional 122 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in shares of International Business Machines during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several analyst reports. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. KGI Securities set a $242.00 price target on International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Morgan Stanley reduced their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of "Hold" and an average target price of $249.06.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $268.95 on Friday. International Business Machines Co. has a one year low of $166.81 and a one year high of $270.17. The company has a market cap of $249.96 billion, a PE ratio of 41.96, a P/E/G ratio of 5.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business has a 50-day simple moving average of $248.17 and a 200-day simple moving average of $241.79.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 earnings per share. On average, equities research analysts forecast that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.50%. International Business Machines's payout ratio is presently 115.66%.

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.

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