USA Financial Formulas Takes Position in International Business Machines Co. (NYSE:IBM)

USA Financial Formulas purchased a new position in International Business Machines Co. (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 913 shares of the technology company's stock, valued at approximately $227,000.

Several other institutional investors have also modified their holdings of the business. Tallon Kerry Patrick acquired a new position in shares of International Business Machines during the fourth quarter worth $902,000. Brighton Jones LLC raised its holdings in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after buying an additional 2,323 shares during the last quarter. Sapient Capital LLC raised its holdings in shares of International Business Machines by 3.0% in the fourth quarter. Sapient Capital LLC now owns 2,832 shares of the technology company's stock valued at $623,000 after buying an additional 82 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of International Business Machines by 4.0% during the fourth quarter. Focus Financial Network Inc. now owns 6,822 shares of the technology company's stock worth $1,500,000 after acquiring an additional 265 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of International Business Machines during the fourth quarter worth about $706,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Down 1.5%

Shares of IBM traded down $4.20 on Friday, hitting $276.84. 3,242,911 shares of the stock traded hands, compared to its average volume of 4,237,292. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $257.29 billion, a P/E ratio of 43.19, a P/E/G ratio of 5.81 and a beta of 0.66. The stock's 50 day moving average is $252.60 and its two-hundred day moving average is $243.78. International Business Machines Co. has a 1 year low of $167.50 and a 1 year high of $283.06.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 earnings per share. As a group, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.43%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IBM. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Royal Bank of Canada boosted their price target on shares of International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. UBS Group restated a "sell" rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets restated a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus target price of $250.31.

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.