Abacus FCF Advisors LLC Purchases 1,353 Shares of International Business Machines Co. (NYSE:IBM)

Abacus FCF Advisors LLC increased its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 2.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,553 shares of the technology company's stock after acquiring an additional 1,353 shares during the quarter. International Business Machines makes up 1.9% of Abacus FCF Advisors LLC's holdings, making the stock its 20th largest holding. Abacus FCF Advisors LLC's holdings in International Business Machines were worth $12,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of International Business Machines by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after acquiring an additional 1,539,888 shares in the last quarter. Geode Capital Management LLC increased its position in shares of International Business Machines by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock worth $4,589,145,000 after acquiring an additional 427,499 shares in the last quarter. Capital World Investors increased its position in shares of International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after acquiring an additional 9,650,534 shares in the last quarter. Northern Trust Corp increased its position in shares of International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of International Business Machines by 9.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock valued at $1,783,281,000 after buying an additional 722,582 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Wedbush reiterated an "outperform" rating and set a $300.00 price target on shares of International Business Machines in a report on Wednesday, May 7th. Bank of America boosted their price objective on shares of International Business Machines from $270.00 to $290.00 and gave the company a "buy" rating in a research report on Monday. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $250.31.

International Business Machines Stock Down 1.5%

IBM stock traded down $4.20 during trading hours on Friday, hitting $276.84. The company's stock had a trading volume of 3,242,911 shares, compared to its average volume of 4,232,590. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $257.29 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a 12 month low of $167.23 and a 12 month high of $283.06. The stock has a 50 day moving average price of $251.46 and a two-hundred day moving average price of $243.34.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. On average, equities 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.43%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 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.