Obermeyer Wealth Partners Purchases 886 Shares of International Business Machines Corporation (NYSE:IBM)

Obermeyer Wealth Partners boosted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 58.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,408 shares of the technology company's stock after buying an additional 886 shares during the period. Obermeyer Wealth Partners' holdings in International Business Machines were worth $599,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IBM. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the first quarter valued at approximately $27,000. Measured Risk Portfolios Inc. acquired a new stake in shares of International Business Machines in the fourth quarter worth $43,000. Park Square Financial Group LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth $43,000. Mascagni Wealth Management Inc. acquired a new stake in shares of International Business Machines in the fourth quarter worth $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in International Business Machines during the first quarter worth $45,000. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the topic of a number of recent research reports. Wedbush lifted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Stifel Nicolaus lifted their price target on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Finally, UBS Group boosted their target price on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $268.75.

International Business Machines Stock Performance

Shares of IBM traded down $2.49 during mid-day trading on Friday, hitting $258.02. The stock had a trading volume of 3,509,828 shares, compared to its average volume of 4,607,538. 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 $181.81 and a 52 week high of $296.16. The firm has a market cap of $239.80 billion, a P/E ratio of 41.89, a PEG ratio of 6.01 and a beta of 0.69. The business has a fifty day moving average price of $277.83 and a 200-day moving average price of $255.57.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 38.09%. The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $2.43 EPS. On average, equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.60%. International Business Machines's payout ratio is 109.09%.

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.