Revisor Wealth Management LLC Increases Position in International Business Machines Corporation (NYSE:IBM)

Revisor Wealth Management LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 176.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,747 shares of the technology company's stock after buying an additional 2,390 shares during the period. Revisor Wealth Management LLC's holdings in International Business Machines were worth $931,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vision Financial Markets LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at approximately $31,000. Rialto Wealth Management LLC bought a new stake in International Business Machines during the 4th quarter valued at $35,000. Measured Risk Portfolios Inc. bought a new stake in International Business Machines during the 4th quarter valued at $43,000. Park Square Financial Group LLC bought a new stake in shares of International Business Machines in the 4th quarter worth $43,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. BMO Capital Markets reissued a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, KGI Securities set a $242.00 price target on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. One 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $257.50.

International Business Machines Stock Up 1.4%

Shares of IBM traded up $4.01 during trading hours on Thursday, reaching $291.66. 1,853,289 shares of the stock traded hands, compared to its average volume of 4,223,087. International Business Machines Corporation has a 52 week low of $173.95 and a 52 week high of $296.16. The stock has a fifty day simple moving average of $265.93 and a 200 day simple moving average of $248.79. The company has a market cap of $271.06 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 6.04 and a beta of 0.69. 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 released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. International Business Machines's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.68 EPS. On average, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed 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 2.30%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is presently 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.