MQS Management LLC Makes New Investment in International Business Machines Corporation (NYSE:IBM)

MQS Management LLC bought a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,558 shares of the technology company's stock, valued at approximately $387,000.

Other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the 1st quarter valued at about $27,000. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $43,000. Park Square Financial Group LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $43,000. Mascagni Wealth Management Inc. purchased a new position in International Business Machines in the fourth quarter worth approximately $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in International Business Machines in the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on IBM. The Goldman Sachs Group lifted their target price on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Bank of America upped their price objective on shares of International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of "Moderate Buy" and a consensus price target of $259.06.

International Business Machines Stock Up 0.1%

IBM traded up $0.27 on Monday, hitting $283.86. 2,856,987 shares of the company were exchanged, compared to its average volume of 4,500,995. The firm has a 50-day moving average price of $273.18 and a two-hundred day moving average price of $252.30. 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 Corporation has a twelve month low of $181.81 and a twelve month high of $296.16. The company has a market cap of $263.82 billion, a price-to-earnings ratio of 48.86, a price-to-earnings-growth ratio of 5.95 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a $1.68 dividend. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.37%. International Business Machines's dividend payout ratio is currently 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.