International Business Machines Corporation (NYSE:IBM) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 8.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,832,801 shares of the technology company's stock after purchasing an additional 145,548 shares during the period. International Business Machines makes up 1.4% of KBC Group NV's holdings, making the stock its 9th biggest holding. KBC Group NV owned 0.20% of International Business Machines worth $455,744,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IBM. Vision Financial Markets LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $31,000. Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth $35,000. Tacita Capital Inc lifted its stake in shares of International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after acquiring an additional 122 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of International Business Machines in the 4th quarter worth $43,000. Finally, Park Place Capital Corp lifted its stake in shares of International Business Machines by 42.6% in the 1st quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock worth $48,000 after acquiring an additional 58 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Royal Bank Of Canada raised their target price on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have issued 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 currently has a consensus rating of "Hold" and an average price target of $253.75.

International Business Machines Price Performance

Shares of NYSE:IBM traded down $2.24 on Friday, hitting $289.69. The stock had a trading volume of 3,560,346 shares, compared to its average volume of 4,223,880. International Business Machines Corporation has a twelve month low of $173.38 and a twelve month high of $296.16. 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 firm's 50 day moving average price is $262.93 and its 200-day moving average price is $247.66. The company has a market capitalization of $269.24 billion, a price-to-earnings ratio of 49.86, a price-to-earnings-growth ratio of 6.08 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 37.43% and a net margin of 8.71%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 EPS. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current 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 represents a $6.72 dividend on an annualized basis and a yield of 2.32%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend 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.