International Business Machines Corporation (NYSE:IBM) Shares Acquired by OneAscent Family Office LLC

OneAscent Family Office LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 65.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,894 shares of the technology company's stock after buying an additional 1,140 shares during the period. OneAscent Family Office LLC's holdings in International Business Machines were worth $720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBM. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines during the first quarter valued at approximately $27,000. Measured Risk Portfolios Inc. acquired a new position in International Business Machines in the 4th quarter valued at approximately $43,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $43,000. Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines during the 4th quarter worth $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of International Business Machines during the 1st quarter worth $45,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

IBM stock traded down $2.51 during mid-day trading on Tuesday, reaching $282.20. 2,775,847 shares of the company traded hands, compared to its average volume of 4,222,635. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The company has a market capitalization of $262.27 billion, a P/E ratio of 48.64, a P/E/G ratio of 6.00 and a beta of 0.69. International Business Machines Corporation has a 52-week low of $181.81 and a 52-week high of $296.16. The company has a fifty day moving average price of $276.39 and a 200-day moving average price of $254.50.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 dividend on an annualized basis and a yield of 2.38%. International Business Machines's payout ratio is currently 115.66%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent research reports. Wall Street Zen cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group lifted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. UBS Group reaffirmed a "sell" rating and set a $195.00 price objective (up from $170.00) on shares of International Business Machines in a research report on Wednesday, July 9th. Finally, Bank of America boosted their target price 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. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, International Business Machines presently has an average rating of "Moderate Buy" and a consensus target price of $266.19.

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.