Kestra Private Wealth Services LLC Buys 1,442 Shares of International Business Machines Corporation (NYSE:IBM)

Kestra Private Wealth Services LLC lifted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,443 shares of the technology company's stock after acquiring an additional 1,442 shares during the period. Kestra Private Wealth Services LLC's holdings in International Business Machines were worth $19,506,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares during the period. Proficio Capital Partners LLC increased its position in shares of International Business Machines by 81.5% during the fourth quarter. Proficio Capital Partners LLC now owns 2,686 shares of the technology company's stock valued at $591,000 after purchasing an additional 1,206 shares during the period. Sandy Spring Bank increased its position in shares of International Business Machines by 23.1% during the fourth quarter. Sandy Spring Bank now owns 13,523 shares of the technology company's stock valued at $2,973,000 after purchasing an additional 2,542 shares during the period. iA Global Asset Management Inc. increased its position in shares of International Business Machines by 152.0% during the fourth quarter. iA Global Asset Management Inc. now owns 5,397 shares of the technology company's stock valued at $1,186,000 after purchasing an additional 3,255 shares during the period. Finally, Douglass Winthrop Advisors LLC increased its position in shares of International Business Machines by 2.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 18,263 shares of the technology company's stock valued at $4,015,000 after purchasing an additional 414 shares during the period. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price target on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. UBS Group reissued a "sell" rating and issued a $195.00 price objective (up previously from $170.00) on shares of International Business Machines in a research note on Wednesday, July 9th. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday. Finally, Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of "Moderate Buy" and a consensus target price of $266.19.

International Business Machines Stock Up 1.4%

Shares of NYSE:IBM traded up $4.04 during mid-day trading on Friday, reaching $286.04. 4,465,031 shares of the stock were exchanged, compared to its average volume of 4,232,093. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The company has a market cap of $265.85 billion, a P/E ratio of 49.23, a P/E/G ratio of 6.00 and a beta of 0.69. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16. The stock's 50 day simple moving average is $276.39 and its 200-day simple moving average is $254.26.

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 firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business's revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. As a group, equities research analysts predict 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 given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.35%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

International Business Machines Company 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.