NBC Securities Inc. Has $2.53 Million Stake in International Business Machines Co. (NYSE:IBM)

NBC Securities Inc. grew its holdings in International Business Machines Co. (NYSE:IBM - Free Report) by 101,610.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,171 shares of the technology company's stock after purchasing an additional 10,161 shares during the quarter. NBC Securities Inc.'s holdings in International Business Machines were worth $2,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Capital World Investors grew its stake in shares of International Business Machines by 413.5% during the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after purchasing an additional 9,650,534 shares in the last quarter. Norges Bank purchased a new position in International Business Machines in the fourth quarter valued at approximately $1,236,176,000. GAMMA Investing LLC boosted its holdings in shares of International Business Machines by 29,564.2% in the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after buying an additional 4,384,958 shares in the last quarter. Raymond James Financial Inc. acquired a new position in International Business Machines in the fourth quarter valued at $592,746,000. Finally, Northern Trust Corp boosted its position in shares of International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after purchasing an additional 1,704,209 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IBM. Morgan Stanley reduced their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Oppenheimer started coverage on shares of International Business Machines in a research note on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. Wedbush reiterated an "outperform" rating and set a $300.00 target price on shares of International Business Machines in a research report on Wednesday, May 7th. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, UBS Group reaffirmed a "sell" rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $249.06.

International Business Machines Stock Up 0.6%

Shares of International Business Machines stock traded up $1.48 during trading on Tuesday, hitting $265.38. 2,494,656 shares of the stock traded hands, compared to its average volume of 4,210,570. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market cap of $246.64 billion, a P/E ratio of 41.40, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a twelve month low of $163.53 and a twelve month high of $269.28. The company has a fifty day moving average price of $246.64 and a two-hundred day moving average price of $240.64.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The business's quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.53%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 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.