KFA Private Wealth Group LLC Has $951,000 Stock Position in International Business Machines Corporation (NYSE:IBM)

Key Points

• KFA Private Wealth Group LLC increased its holdings in International Business Machines Corporation (IBM) by 52.8% in the first quarter, owning 3,824 shares valued at approximately $951,000.
• IBM's latest earnings report revealed an EPS of $2.80, surpassing estimates, with quarterly revenue up 7.7% compared to the previous year.
• The company recently raised its quarterly dividend from $1.67 to $1.68 per share, reflecting a dividend yield of 2.59% and a payout ratio of 109.09%.

KFA Private Wealth Group LLC grew its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 52.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,824 shares of the technology company's stock after acquiring an additional 1,321 shares during the quarter. KFA Private Wealth Group LLC's holdings in International Business Machines were worth $951,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IBM. Brighton Jones LLC raised its holdings in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after buying an additional 2,323 shares in the last quarter. RiverFront Investment Group LLC raised its holdings in shares of International Business Machines by 4.6% in the 4th quarter. RiverFront Investment Group LLC now owns 3,450 shares of the technology company's stock worth $758,000 after buying an additional 151 shares in the last quarter. Maridea Wealth Management LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $221,000. Allianz SE acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $2,692,000. Finally, Schroder Investment Management Group increased its holdings in International Business Machines by 18.9% during the 4th quarter. Schroder Investment Management Group now owns 1,186,591 shares of the technology company's stock valued at $260,848,000 after purchasing an additional 188,714 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 1.7%

Shares of IBM traded down $4.43 during midday trading on Thursday, hitting $255.83. The stock had a trading volume of 2,595,286 shares, compared to its average volume of 4,621,772. The company has a 50 day simple moving average of $277.48 and a two-hundred day simple moving average of $256.64. International Business Machines Corporation has a twelve month low of $181.81 and a twelve month high of $296.16. The firm has a market cap of $237.76 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 4.05 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the business posted $2.43 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent analyst reports. 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. Stifel Nicolaus increased their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada increased their price objective on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Bank of America decreased their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Finally, UBS Group increased their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $268.75.

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.