International Business Machines Co. (NYSE:IBM) Shares Acquired by Park Edge Advisors LLC

Park Edge Advisors LLC raised its position in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 35.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,577 shares of the technology company's stock after acquiring an additional 1,712 shares during the period. Park Edge Advisors LLC's holdings in International Business Machines were worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IBM. Long Run Wealth Advisors LLC grew its holdings in International Business Machines by 6.6% during the 1st quarter. Long Run Wealth Advisors LLC now owns 6,623 shares of the technology company's stock valued at $1,647,000 after purchasing an additional 410 shares during the last quarter. Nixon Peabody Trust Co. bought a new position in shares of International Business Machines during the first quarter valued at approximately $256,000. Contravisory Investment Management Inc. raised its holdings in shares of International Business Machines by 49.1% in the first quarter. Contravisory Investment Management Inc. now owns 3,351 shares of the technology company's stock worth $833,000 after buying an additional 1,103 shares during the period. Apella Capital LLC lifted its stake in shares of International Business Machines by 33.2% during the 1st quarter. Apella Capital LLC now owns 6,592 shares of the technology company's stock worth $1,551,000 after acquiring an additional 1,644 shares during the last quarter. Finally, Bremer Bank National Association boosted its holdings in International Business Machines by 11.4% during the 1st quarter. Bremer Bank National Association now owns 26,727 shares of the technology company's stock valued at $6,646,000 after acquiring an additional 2,730 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of International Business Machines in a report on Wednesday, May 7th. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price target on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Morgan Stanley reduced their price objective on 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, The Goldman Sachs Group reiterated a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $249.06.

International Business Machines Stock Up 0.5%

IBM traded up $1.23 during trading on Thursday, hitting $266.75. The stock had a trading volume of 2,655,316 shares, compared to its average volume of 4,210,077. The stock has a 50 day simple moving average of $247.45 and a two-hundred day simple moving average of $240.98. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a twelve month low of $165.78 and a twelve month high of $269.28. The company has a market capitalization of $247.92 billion, a PE ratio of 41.61, a PEG ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.52%. 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%.

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.