International Business Machines Corporation (NYSE:IBM) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 5.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,535 shares of the technology company's stock after purchasing an additional 3,934 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in International Business Machines were worth $20,026,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vision Financial Markets LLC purchased a new position in International Business Machines in the 4th quarter worth approximately $31,000. Rialto Wealth Management LLC bought a new stake in International Business Machines in the 4th quarter worth about $35,000. Tacita Capital Inc boosted its holdings in shares of International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after acquiring an additional 122 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $43,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines in the fourth quarter worth approximately $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.5%

IBM traded up $1.43 during trading on Thursday, reaching $292.49. The company had a trading volume of 3,617,544 shares, compared to its average volume of 4,221,083. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 52 week low of $170.48 and a 52 week high of $296.16. The stock has a market cap of $271.84 billion, a P/E ratio of 50.34, a PEG ratio of 6.11 and a beta of 0.66. The business has a 50 day simple moving average of $261.91 and a 200-day simple moving average of $247.14.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion during 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 firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 EPS. On average, equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.30%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research analyst reports. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Morgan Stanley decreased 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 report on Thursday, April 24th. BMO Capital Markets reiterated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, Royal Bank Of Canada raised their price objective 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $253.75.

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.