Ibex Wealth Advisors Increases Position in International Business Machines Co. (NYSE:IBM)

Ibex Wealth Advisors boosted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,974 shares of the technology company's stock after buying an additional 4,775 shares during the period. International Business Machines makes up 2.3% of Ibex Wealth Advisors' investment portfolio, making the stock its 7th biggest holding. Ibex Wealth Advisors' holdings in International Business Machines were worth $17,151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBM. Vision Financial Markets LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $31,000. Rialto Wealth Management LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth about $35,000. Tacita Capital Inc boosted its position in shares of International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after acquiring an additional 122 shares during the period. Park Square Financial Group LLC purchased a new position in International Business Machines during the fourth quarter valued at approximately $43,000. Finally, Measured Risk Portfolios Inc. bought a new stake in International Business Machines during the 4th quarter worth approximately $43,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 1.5%

Shares of IBM stock traded up $4.09 on Tuesday, hitting $276.17. 5,160,847 shares of the company's stock traded hands, compared to its average volume of 4,223,056. The stock has a market capitalization of $256.67 billion, a price-to-earnings ratio of 43.08, a P/E/G ratio of 5.81 and a beta of 0.66. The company's fifty day simple moving average is $248.62 and its 200 day simple moving average is $242.46. International Business Machines Co. has a one year low of $166.81 and a one year high of $277.43. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced 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 firm had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period last year, the firm earned $1.68 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on IBM. UBS Group reissued a "sell" rating and issued a $170.00 price target (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. KGI Securities set a $242.00 price target on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of International Business Machines in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, International Business Machines 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.