Tilia Fiduciary Partners Inc. Acquires Shares of 6,825 International Business Machines Co. (NYSE:IBM)

Tilia Fiduciary Partners Inc. purchased a new stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,825 shares of the technology company's stock, valued at approximately $1,697,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tallon Kerry Patrick bought a new position in shares of International Business Machines in the fourth quarter worth about $902,000. Brighton Jones LLC increased its holdings in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Trilogy Capital Inc. increased its holdings in International Business Machines by 6.0% during the 4th quarter. Trilogy Capital Inc. now owns 975 shares of the technology company's stock worth $214,000 after purchasing an additional 55 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of International Business Machines by 18.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,767 shares of the technology company's stock valued at $388,000 after acquiring an additional 281 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in shares of International Business Machines in the 4th quarter valued at $370,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Up 0.8%

IBM opened at $268.95 on Friday. The company has a market cap of $249.96 billion, a P/E ratio of 41.96, a P/E/G ratio of 5.81 and a beta of 0.66. The business's 50-day moving average price is $248.17 and its 200-day moving average price is $241.98. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12 month low of $166.81 and a 12 month high of $270.17.

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, beating analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The business had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter last year, the firm earned $1.68 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts expect that International Business Machines Co. will post 10.78 EPS 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. Shareholders of record on Friday, May 9th will be given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.50%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 115.66%.

Analyst Upgrades and Downgrades

IBM has been the subject of several research analyst reports. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Royal Bank of Canada raised their target price on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Wedbush reissued an "outperform" rating and set a $300.00 target price on shares of International Business Machines in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, International Business Machines has a consensus rating of "Hold" and an average target price of $249.06.

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.

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