Simon Quick Advisors LLC Purchases 1,124 Shares of International Business Machines Co. (NYSE:IBM)

Simon Quick Advisors LLC boosted its holdings in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,895 shares of the technology company's stock after buying an additional 1,124 shares during the period. Simon Quick Advisors LLC's holdings in International Business Machines were worth $2,212,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IBM. Capital World Investors boosted its stake in International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the last quarter. Norges Bank purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $1,236,176,000. GAMMA Investing LLC grew its holdings in International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after buying an additional 4,384,958 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in International Business Machines in the 4th quarter valued at $592,746,000. Finally, Northern Trust Corp lifted its stake in International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after acquiring an additional 1,704,209 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

IBM traded down $4.20 during trading hours on Friday, hitting $276.84. The stock had a trading volume of 3,242,911 shares, compared to its average volume of 4,231,454. International Business Machines Co. has a 1 year low of $167.23 and a 1 year high of $283.06. The company's fifty day simple moving average is $252.60 and its 200 day simple moving average is $243.67. The stock has a market cap 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. 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 quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. Equities analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis 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 presently 115.66%.

Analysts Set New Price Targets

IBM has been the subject of several analyst reports. Wedbush reiterated an "outperform" rating and issued a $300.00 target price on shares of International Business Machines in a report on Wednesday, May 7th. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. UBS Group reaffirmed a "sell" rating and set a $170.00 price target (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Citigroup reissued an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.