Green Alpha Advisors LLC Acquires 10,594 Shares of International Business Machines Co. (NYSE:IBM)

Green Alpha Advisors LLC boosted its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 86.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,851 shares of the technology company's stock after acquiring an additional 10,594 shares during the period. International Business Machines accounts for 6.1% of Green Alpha Advisors LLC's holdings, making the stock its biggest position. Green Alpha Advisors LLC's holdings in International Business Machines were worth $5,682,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. JBR Co Financial Management Inc raised its holdings in shares of International Business Machines by 0.6% in the fourth quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after buying an additional 40 shares during the last quarter. Wealth Dimensions Group Ltd. raised its holdings in shares of International Business Machines by 1.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after purchasing an additional 40 shares during the last quarter. Schechter Investment Advisors LLC raised its holdings in shares of International Business Machines by 0.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after purchasing an additional 43 shares during the last quarter. Titleist Asset Management LLC raised its holdings in shares of International Business Machines by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after purchasing an additional 43 shares during the last quarter. Finally, Callan Capital LLC raised its holdings in shares of International Business Machines by 2.4% during the fourth 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. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on IBM shares. Oppenheimer started coverage on shares of International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 target price for the company. Royal Bank of Canada raised their target price on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Morgan Stanley dropped their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and a consensus target price of $249.06.

International Business Machines Price Performance

Shares of NYSE IBM traded up $4.79 during trading on Monday, hitting $263.85. The company had a trading volume of 2,831,045 shares, compared to its average volume of 4,217,387. The stock has a fifty day simple moving average of $246.37 and a two-hundred day simple moving average of $240.23. International Business Machines Co. has a fifty-two week low of $163.53 and a fifty-two week high of $269.28. The firm has a market capitalization of $245.22 billion, a price-to-earnings ratio of 41.16, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. 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 announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter last year, the business earned $1.68 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $1.68 per share. 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 2.55%. International Business Machines's 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.