Brown Advisory Inc. Buys 3,757 Shares of International Business Machines Corporation (NYSE:IBM)

Brown Advisory Inc. raised its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,145 shares of the technology company's stock after purchasing an additional 3,757 shares during the period. Brown Advisory Inc.'s holdings in International Business Machines were worth $66,180,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IBM. Brighton Jones LLC raised its position in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Proficio Capital Partners LLC raised its position in International Business Machines by 81.5% during the fourth quarter. Proficio Capital Partners LLC now owns 2,686 shares of the technology company's stock valued at $591,000 after purchasing an additional 1,206 shares in the last quarter. Moran Wealth Management LLC raised its position in International Business Machines by 2.7% during the fourth quarter. Moran Wealth Management LLC now owns 18,951 shares of the technology company's stock valued at $4,166,000 after purchasing an additional 504 shares in the last quarter. Independent Advisor Alliance increased its holdings in shares of International Business Machines by 10.3% during the fourth quarter. Independent Advisor Alliance now owns 60,266 shares of the technology company's stock worth $13,248,000 after buying an additional 5,629 shares in the last quarter. Finally, Davis R M Inc. increased its holdings in shares of International Business Machines by 34.2% during the fourth quarter. Davis R M Inc. now owns 11,211 shares of the technology company's stock worth $2,465,000 after buying an additional 2,860 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on IBM. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. The Goldman Sachs Group upped their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Wedbush upped their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $259.06.

International Business Machines Trading Down 1.4%

IBM traded down $4.10 during trading on Friday, reaching $283.33. 3,789,706 shares of the stock traded hands, compared to its average volume of 4,240,258. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $263.33 billion, a PE ratio of 48.77, a P/E/G ratio of 6.04 and a beta of 0.69. The stock's 50-day moving average is $273.18 and its 200 day moving average is $251.92. International Business Machines Corporation has a 12 month low of $178.50 and a 12 month high of $296.16.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. Equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

About International Business Machines

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.