Interchange Capital Partners LLC Buys 1,028 Shares of International Business Machines Corporation (NYSE:IBM)

Interchange Capital Partners LLC lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 27.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,825 shares of the technology company's stock after purchasing an additional 1,028 shares during the period. Interchange Capital Partners LLC's holdings in International Business Machines were worth $1,200,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new stake in International Business Machines in the fourth quarter worth about $35,000. Measured Risk Portfolios Inc. purchased a new stake in International Business Machines in the fourth quarter worth about $43,000. Park Square Financial Group LLC purchased a new stake in International Business Machines in the fourth quarter worth about $43,000. Mascagni Wealth Management Inc. purchased a new stake in International Business Machines in the fourth quarter worth about $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in International Business Machines in the first quarter worth about $45,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.1%

NYSE IBM traded up $0.38 during mid-day trading on Monday, reaching $292.35. The stock had a trading volume of 4,486,500 shares, compared to its average volume of 4,232,692. International Business Machines Corporation has a 1 year low of $174.45 and a 1 year high of $296.16. The stock has a market cap of $271.71 billion, a PE ratio of 50.32, a price-to-earnings-growth ratio of 6.13 and a beta of 0.69. The company has a fifty day moving average price of $268.36 and a 200 day moving average price of $250.04. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97.

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 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 analyst estimates of $14.41 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued 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 dividend on an annualized basis and a yield of 2.30%. International Business Machines's payout ratio is presently 115.66%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IBM. UBS Group restated a "sell" rating and issued a $170.00 price objective (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. The Goldman Sachs Group lifted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Morgan Stanley lowered 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 report on Thursday, April 24th. Bank of America lifted their target price on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $257.50.

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.