International Business Machines Corporation (NYSE:IBM) Shares Acquired by Diversified Trust Co

Diversified Trust Co lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 16.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,652 shares of the technology company's stock after purchasing an additional 2,930 shares during the quarter. Diversified Trust Co's holdings in International Business Machines were worth $5,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. MinichMacGregor Wealth Management LLC purchased a new stake in shares of International Business Machines in the 1st quarter valued at approximately $396,000. Treasurer of the State of North Carolina increased its holdings in International Business Machines by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after purchasing an additional 4,131 shares during the last quarter. Mufg Securities Americas Inc. acquired a new stake in International Business Machines in the 4th quarter valued at approximately $3,000,000. Magnolia Private Wealth LLC purchased a new stake in International Business Machines in the first quarter valued at approximately $239,000. Finally, QRG Capital Management Inc. boosted its position in shares of International Business Machines by 7.5% during the fourth quarter. QRG Capital Management Inc. now owns 150,652 shares of the technology company's stock worth $33,118,000 after buying an additional 10,467 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IBM shares. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Morgan Stanley cut 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 note on Thursday, April 24th. UBS Group reissued a "sell" rating and set a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Bank of America lifted their price objective on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Finally, Wall Street Zen cut 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 issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and a consensus target price of $253.75.

International Business Machines Price Performance

Shares of IBM opened at $292.49 on Friday. The firm has a market capitalization of $271.84 billion, a price-to-earnings ratio of 50.34, a PEG ratio of 6.11 and a beta of 0.66. The firm's fifty day simple moving average is $261.91 and its 200-day simple moving average is $247.14. International Business Machines Corporation has a twelve month low of $170.48 and a twelve month high of $296.16. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. International Business Machines's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. Equities analysts forecast 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 paid a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.30%. 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.

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