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Triumph Capital Management Takes Position in International Business Machines Corporation (NYSE:IBM)

International Business Machines logo with Computer and Technology background

Triumph Capital Management bought a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,846 shares of the technology company's stock, valued at approximately $1,205,000.

A number of other large investors have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the first quarter valued at approximately $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in International Business Machines in the first quarter worth approximately $45,000. Park Square Financial Group LLC acquired a new position in International Business Machines in the 4th quarter worth approximately $43,000. Park Place Capital Corp boosted its stake in International Business Machines by 42.6% in the 1st quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock worth $48,000 after purchasing an additional 58 shares during the period. Finally, Measured Risk Portfolios Inc. acquired a new position in International Business Machines in the 4th quarter worth approximately $43,000. Institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. BMO Capital Markets lifted their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. UBS Group lifted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday. Wedbush lifted their target price 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. Finally, The Goldman Sachs Group lifted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, International Business Machines has a consensus rating of "Moderate Buy" and an average target price of $268.75.

View Our Latest Analysis on International Business Machines

International Business Machines Trading Down 0.3%

NYSE:IBM traded down $0.81 during trading hours on Friday, hitting $259.70. The stock had a trading volume of 7,751,998 shares, compared to its average volume of 4,403,863. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.97 and a current ratio of 0.91. The company has a market cap of $241.36 billion, a price-to-earnings ratio of 42.16, a P/E/G ratio of 5.52 and a beta of 0.69. The business's 50 day moving average is $277.69 and its 200-day moving average is $255.81.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the prior year, the company posted $2.43 earnings per share. The firm's revenue was up 7.7% on a year-over-year basis. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.59%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

International Business Machines Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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