Nicholson Meyer Capital Management Inc. Invests $456,000 in International Business Machines Corporation (NYSE:IBM)

Nicholson Meyer Capital Management Inc. bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,834 shares of the technology company's stock, valued at approximately $456,000. International Business Machines comprises 0.4% of Nicholson Meyer Capital Management Inc.'s portfolio, making the stock its 29th largest position.

Other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in International Business Machines in the first quarter valued at approximately $131,000. Argent Advisors Inc. lifted its stake in shares of International Business Machines by 6.4% in the 1st quarter. Argent Advisors Inc. now owns 4,410 shares of the technology company's stock valued at $1,097,000 after acquiring an additional 265 shares during the last quarter. Jacobsen Capital Management boosted its holdings in shares of International Business Machines by 12.9% during the 1st quarter. Jacobsen Capital Management now owns 1,519 shares of the technology company's stock valued at $378,000 after acquiring an additional 174 shares in the last quarter. Ameritas Advisory Services LLC grew its position in International Business Machines by 4.7% during the 1st quarter. Ameritas Advisory Services LLC now owns 13,338 shares of the technology company's stock worth $3,108,000 after acquiring an additional 593 shares during the last quarter. Finally, Monument Capital Management bought a new stake in International Business Machines during the 1st quarter worth $223,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Morgan Stanley cut their price target on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, International Business Machines has a consensus rating of "Hold" and an average price target of $257.50.

International Business Machines Trading Up 1.4%

International Business Machines stock traded up $4.01 during trading hours on Thursday, reaching $291.66. 1,853,289 shares of the company's stock were exchanged, compared to its average volume of 4,212,832. The firm has a market capitalization of $271.06 billion, a PE ratio of 50.20, a PEG ratio of 6.11 and a beta of 0.69. 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 firm's 50 day simple moving average is $265.93 and its 200 day simple moving average is $248.79. International Business Machines Corporation has a twelve month low of $173.95 and a twelve month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 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 analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm's revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. Research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.30%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is currently 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.