Nisa Investment Advisors LLC Buys 5,108 Shares of International Business Machines Corporation (NYSE:IBM)

Nisa Investment Advisors LLC lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,807 shares of the technology company's stock after buying an additional 5,108 shares during the period. Nisa Investment Advisors LLC's holdings in International Business Machines were worth $55,652,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $45,000. Park Square Financial Group LLC bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $43,000. Park Place Capital Corp grew its position 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 worth $48,000 after buying an additional 58 shares during the last quarter. Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $43,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IBM shares. Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Finally, Royal Bank Of Canada lifted their price target on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of "Moderate Buy" and a consensus target price of $259.06.

International Business Machines Stock Performance

International Business Machines stock traded down $2.95 during mid-day trading on Thursday, reaching $287.19. 3,484,681 shares of the stock traded hands, compared to its average volume of 4,236,324. The stock has a market capitalization of $266.91 billion, a PE ratio of 49.43, a price-to-earnings-growth ratio of 6.09 and a beta of 0.69. 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 Corporation has a 12-month low of $176.62 and a 12-month high of $296.16. The business's 50-day moving average is $272.42 and its 200-day moving average is $251.52.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The company 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%. International Business Machines's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.34%. 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 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.