Quilter Plc Invests $251,000 in International Business Machines Corporation (NYSE:IBM)

Quilter Plc acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,010 shares of the technology company's stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IBM. MinichMacGregor Wealth Management LLC bought a new stake in shares of International Business Machines during the first quarter worth about $396,000. Treasurer of the State of North Carolina increased its position in shares of International Business Machines by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares during the last quarter. Mufg Securities Americas Inc. purchased a new position in International Business Machines in the fourth quarter valued at approximately $3,000,000. Magnolia Private Wealth LLC bought a new position in International Business Machines in the 1st quarter worth approximately $239,000. Finally, QRG Capital Management Inc. increased its position in shares of International Business Machines by 7.5% during the fourth quarter. QRG Capital Management Inc. now owns 150,652 shares of the technology company's stock valued at $33,118,000 after buying an additional 10,467 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

IBM has been the topic of a number of recent analyst reports. Wedbush raised their price target 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. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. UBS Group restated a "sell" rating and issued a $170.00 price objective (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Bank of America upped 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. Finally, Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $253.75.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $292.49 on Friday. The business has a 50-day moving average of $261.91 and a two-hundred day moving average of $247.14. The firm has a market capitalization of $271.84 billion, a PE ratio of 50.34, a P/E/G ratio of 6.11 and a beta of 0.66. International Business Machines Corporation has a 12 month low of $170.48 and a 12 month high of $296.16. 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 (NYSE:IBM - Get Free Report) last released 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. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The company's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 EPS. As a group, research 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 announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 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.

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