International Business Machines Corporation (NYSE:IBM) Shares Acquired by Personal CFO Solutions LLC

Personal CFO Solutions LLC grew its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,504 shares of the technology company's stock after acquiring an additional 1,035 shares during the quarter. Personal CFO Solutions LLC's holdings in International Business Machines were worth $1,617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Rialto Wealth Management LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at about $35,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of International Business Machines in the first quarter valued at approximately $45,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $43,000. Park Place Capital Corp boosted its stake in shares of International Business Machines by 42.6% in the first quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock valued at $48,000 after buying an additional 58 shares in the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines in the fourth quarter valued at approximately $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 1.1%

IBM opened at $295.55 on Tuesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The company has a market capitalization of $274.68 billion, a PE ratio of 50.76, a P/E/G ratio of 6.13 and a beta of 0.69. The stock's fifty day moving average is $269.48 and its 200-day moving average is $250.52. International Business Machines Corporation has a one year low of $174.45 and a one year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results 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 business 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%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.27%. International Business Machines's payout ratio is currently 115.66%.

Analyst Ratings Changes

Several analysts have recently issued reports on IBM shares. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Royal Bank Of Canada upped their price target on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Citigroup restated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Finally, Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $257.50.

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.

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