OneDigital Investment Advisors LLC Purchases 2,719 Shares of International Business Machines Corporation (NYSE:IBM)

OneDigital Investment Advisors LLC raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,404 shares of the technology company's stock after acquiring an additional 2,719 shares during the quarter. OneDigital Investment Advisors LLC's holdings in International Business Machines were worth $7,063,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. 44 Wealth Management LLC increased its position in shares of International Business Machines by 15.1% during the first quarter. 44 Wealth Management LLC now owns 5,869 shares of the technology company's stock worth $1,459,000 after acquiring an additional 772 shares during the period. Calamos Wealth Management LLC increased its holdings in International Business Machines by 97.5% during the 1st quarter. Calamos Wealth Management LLC now owns 3,949 shares of the technology company's stock worth $982,000 after purchasing an additional 1,950 shares during the period. Conning Inc. increased its holdings in International Business Machines by 5.9% during the 1st quarter. Conning Inc. now owns 5,343 shares of the technology company's stock worth $1,329,000 after purchasing an additional 300 shares during the period. Sterling Financial Planning Inc. raised its position in International Business Machines by 13.7% during the 1st quarter. Sterling Financial Planning Inc. now owns 2,484 shares of the technology company's stock valued at $618,000 after purchasing an additional 300 shares in the last quarter. Finally, Davidson Trust Co. lifted its holdings in shares of International Business Machines by 6.0% in the 1st quarter. Davidson Trust Co. now owns 3,162 shares of the technology company's stock worth $786,000 after buying an additional 179 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 1.4%

NYSE IBM opened at $291.66 on Friday. The stock has a market cap of $271.06 billion, a P/E ratio of 50.20, a P/E/G ratio of 6.13 and a beta of 0.69. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a 12-month low of $173.95 and a 12-month high of $296.16. The company has a fifty day simple moving average of $268.36 and a two-hundred day simple moving average of $249.65.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. On average, analysts forecast 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 represents a $6.72 annualized dividend and a yield of 2.30%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IBM shares. Royal Bank Of Canada lifted their price objective on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. Bank of America lifted their price objective on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus price target 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.

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