Norris Perne & French LLP MI Has $527,000 Stock Holdings in International Business Machines Corporation (NYSE:IBM)

Norris Perne & French LLP MI reduced its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 32.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,120 shares of the technology company's stock after selling 1,016 shares during the period. Norris Perne & French LLP MI's holdings in International Business Machines were worth $527,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. JBR Co Financial Management Inc grew its stake in shares of International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock valued at $1,405,000 after buying an additional 40 shares during the period. Wealth Dimensions Group Ltd. raised its stake in International Business Machines by 1.0% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after buying an additional 40 shares during the period. Pallas Capital Advisors LLC boosted its holdings in International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after acquiring an additional 42 shares in the last quarter. Schechter Investment Advisors LLC boosted its holdings in International Business Machines by 0.7% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after acquiring an additional 43 shares in the last quarter. Finally, Titleist Asset Management LLC grew its stake in International Business Machines by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after acquiring an additional 43 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 0.0%

International Business Machines stock opened at $283.15 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market cap of $263.16 billion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 5.94 and a beta of 0.66. International Business Machines Corporation has a fifty-two week low of $170.41 and a fifty-two week high of $286.91. The firm's 50-day simple moving average is $255.73 and its 200 day simple moving average is $244.81.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. Research 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. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.37%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IBM. Royal Bank Of Canada upped their target price on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Bank of America boosted their price target on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. UBS Group reiterated a "sell" rating and set a $170.00 price objective (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $252.19.

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.

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