Hudson Value Partners LLC Acquires Shares of 1,186 International Business Machines Corporation (NYSE:IBM)

Hudson Value Partners LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,186 shares of the technology company's stock, valued at approximately $295,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new position in International Business Machines during the fourth quarter valued at about $902,000. Brighton Jones LLC increased its holdings in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after acquiring an additional 2,323 shares during the last quarter. Navellier & Associates Inc. lifted its holdings in International Business Machines by 34.0% in the 4th quarter. Navellier & Associates Inc. now owns 5,507 shares of the technology company's stock worth $1,211,000 after purchasing an additional 1,397 shares during the last quarter. Callan Capital LLC lifted its holdings in International Business Machines by 2.4% in the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after purchasing an additional 44 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in International Business Machines by 0.7% during the fourth quarter. First Horizon Advisors Inc. now owns 197,078 shares of the technology company's stock worth $43,324,000 after purchasing an additional 1,289 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

IBM stock traded up $8.28 during midday trading on Monday, hitting $289.25. The stock had a trading volume of 3,777,773 shares, compared to its average volume of 4,221,287. International Business Machines Corporation has a 52 week low of $170.41 and a 52 week high of $289.55. 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 has a 50-day simple moving average of $257.71 and a 200 day simple moving average of $245.71. The firm has a market capitalization of $268.83 billion, a price-to-earnings ratio of 49.78, a P/E/G ratio of 5.90 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last released 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. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period last year, the firm earned $1.68 EPS. The firm's revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.32%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is presently 115.66%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley cut their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. UBS Group reaffirmed a "sell" rating and issued a $170.00 price target (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Finally, Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday. 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. Based on data from MarketBeat, the company currently 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.