870 Shares in International Business Machines Corporation (NYSE:IBM) Purchased by Olde Wealth Management LLC

Olde Wealth Management LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 870 shares of the technology company's stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently modified their holdings of IBM. Vision Financial Markets LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC purchased a new stake in International Business Machines during the fourth quarter valued at $35,000. Measured Risk Portfolios Inc. bought a new position in International Business Machines during the fourth quarter valued at $43,000. Park Square Financial Group LLC purchased a new position in shares of International Business Machines in the 4th quarter worth $43,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth about $43,000. Institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IBM. Bank of America boosted their target price on shares of International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wedbush boosted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Morgan Stanley reduced their target price 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. Finally, UBS Group restated a "sell" rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $257.50.

International Business Machines Trading Up 1.4%

IBM stock traded up $4.01 during mid-day trading on Friday, reaching $291.66. 1,853,289 shares of the stock traded hands, compared to its average volume of 4,231,670. The stock has a market capitalization of $271.06 billion, a PE ratio of 50.20, a PEG ratio of 6.13 and a beta of 0.69. International Business Machines Corporation has a one year low of $174.45 and a one year high of $296.16. 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 business has a 50-day moving average price of $268.36 and a two-hundred day moving average price of $249.65.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business's revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. Equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

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