International Business Machines Corporation (NYSE:IBM) Position Boosted by Cetera Investment Advisers

Cetera Investment Advisers increased its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 7.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 306,599 shares of the technology company's stock after purchasing an additional 21,643 shares during the period. Cetera Investment Advisers' holdings in International Business Machines were worth $76,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the first quarter valued at $27,000. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at about $43,000. Park Square Financial Group LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at about $43,000. Mascagni Wealth Management Inc. acquired a new stake in International Business Machines during the fourth quarter worth about $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in International Business Machines in the first quarter worth about $45,000. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday. Stifel Nicolaus upped their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Bank of America lowered their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday. Finally, KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of "Moderate Buy" and a consensus price target of $268.75.

International Business Machines Stock Down 0.3%

IBM opened at $259.70 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.97 and a current ratio of 0.91. The company has a market capitalization of $241.36 billion, a PE ratio of 42.16, a P/E/G ratio of 5.52 and a beta of 0.69. The stock's fifty day moving average is $277.69 and its 200-day moving average is $255.81. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the previous year, the business earned $2.43 earnings per share. International Business Machines's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Corporation will post 10.78 EPS 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 issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.59%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

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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