1,483 Shares in International Business Machines Corporation (NYSE:IBM) Bought by North Capital Inc.

North Capital Inc. acquired a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,483 shares of the technology company's stock, valued at approximately $369,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors increased its holdings in shares of International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the last quarter. Norges Bank bought a new position in International Business Machines in the 4th quarter valued at about $1,236,176,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 4,384,958 shares during the period. Raymond James Financial Inc. acquired a new stake in International Business Machines during the fourth quarter worth approximately $592,746,000. Finally, Northern Trust Corp boosted its holdings in shares of International Business Machines by 18.6% during the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 1.4%

NYSE IBM traded up $4.01 during trading hours on Thursday, reaching $291.66. The company's stock had a trading volume of 1,853,289 shares, compared to its average volume of 4,223,087. 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 52 week low of $173.95 and a 52 week high of $296.16. The firm has a fifty day simple moving average of $265.93 and a 200-day simple moving average of $248.79. The stock has a market cap of $271.06 billion, a P/E ratio of 50.20, a P/E/G ratio of 6.04 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. 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 prior year, the firm posted $1.68 earnings per share. The business's quarterly revenue was up .5% on a year-over-year basis. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.30%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IBM shares. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Bank of America lifted 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 report on Wednesday, June 18th. Finally, Wedbush increased their price target 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $257.50.

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.