Insigneo Advisory Services LLC Boosts Stake in International Business Machines Co. (NYSE:IBM)

Insigneo Advisory Services LLC lifted its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 17.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,333 shares of the technology company's stock after buying an additional 1,107 shares during the quarter. Insigneo Advisory Services LLC's holdings in International Business Machines were worth $1,824,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Wagner Wealth Management LLC boosted its stake in shares of International Business Machines by 1.0% in the first quarter. Wagner Wealth Management LLC now owns 11,300 shares of the technology company's stock valued at $2,810,000 after buying an additional 110 shares in the last quarter. NBT Bank N A NY boosted its stake in shares of International Business Machines by 1.6% in the first quarter. NBT Bank N A NY now owns 43,511 shares of the technology company's stock valued at $10,819,000 after buying an additional 690 shares in the last quarter. Strategic Advisors LLC boosted its stake in shares of International Business Machines by 18.1% in the first quarter. Strategic Advisors LLC now owns 9,122 shares of the technology company's stock valued at $2,268,000 after buying an additional 1,398 shares in the last quarter. Chicago Capital LLC boosted its position in International Business Machines by 4.7% during the first quarter. Chicago Capital LLC now owns 13,817 shares of the technology company's stock worth $3,436,000 after purchasing an additional 625 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV boosted its position in International Business Machines by 4.3% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 2,842 shares of the technology company's stock worth $707,000 after purchasing an additional 117 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on IBM. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Bank of America boosted their target price on International Business Machines from $270.00 to $290.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Wedbush reiterated an "outperform" rating and set a $300.00 target price on shares of International Business Machines in a research report on Wednesday, May 7th. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One equities 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $250.31.

International Business Machines Stock Performance

NYSE IBM opened at $281.66 on Tuesday. The stock has a market cap of $261.77 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The business has a fifty day moving average of $253.83 and a 200-day moving average of $244.28. International Business Machines Co. has a fifty-two week low of $167.50 and a fifty-two week high of $284.50. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 earnings per share. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.39%. International Business Machines's dividend payout ratio is presently 115.66%.

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.

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