Napatree Capital LLC Invests $330,000 in International Business Machines Corporation (NYSE:IBM)

Napatree Capital LLC acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,329 shares of the technology company's stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the 1st quarter valued at $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of International Business Machines in the 1st quarter valued at $45,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $43,000. Park Place Capital Corp increased its holdings 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 valued at $48,000 after acquiring an additional 58 shares during the period. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, UBS Group reiterated a "sell" rating and issued a $195.00 price objective (up from $170.00) on shares of International Business Machines in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $266.19.

International Business Machines Price Performance

Shares of NYSE IBM traded up $4.04 during trading on Friday, hitting $286.04. 4,465,031 shares of the company were exchanged, compared to its average volume of 4,227,466. The company has a market cap of $265.85 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 5.92 and a beta of 0.69. International Business Machines Corporation has a 1 year low of $181.81 and a 1 year high of $296.16. The firm's fifty day moving average price is $275.65 and its 200 day moving average price is $253.56. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.18. The business 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 EPS. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.35%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 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.