Sequoia Financial Advisors LLC Boosts Stake in International Business Machines Corporation (NYSE:IBM)

Sequoia Financial Advisors LLC lifted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 3.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 179,625 shares of the technology company's stock after purchasing an additional 5,693 shares during the period. Sequoia Financial Advisors LLC's holdings in International Business Machines were worth $44,666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBM. Vision Financial Markets LLC purchased a new position in International Business Machines during the 4th quarter valued at about $31,000. Rialto Wealth Management LLC purchased a new stake in International Business Machines in the 4th quarter worth approximately $35,000. Tacita Capital Inc grew its position in shares of International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after buying an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Finally, Park Square Financial Group LLC purchased a new stake in International Business Machines in the fourth quarter worth $43,000. Institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IBM shares. UBS Group reissued a "sell" rating and set a $170.00 price objective (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Bank of America lifted their price objective on International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Finally, Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and an average price target of $253.75.

International Business Machines Stock Up 0.5%

NYSE:IBM traded up $1.43 during trading hours on Thursday, reaching $292.49. 3,617,544 shares of the company traded hands, compared to its average volume of 4,215,335. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. The business's 50-day moving average price is $260.83 and its two-hundred day moving average price is $246.71. International Business Machines Corporation has a 1 year low of $170.41 and a 1 year high of $296.16. The stock has a market capitalization of $271.84 billion, a P/E ratio of 50.34, a P/E/G ratio of 6.17 and a beta of 0.66.

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

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. 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 dividend yield of 2.30%. 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.