Vicus Capital Buys 1,603 Shares of International Business Machines Co. (NYSE:IBM)

Vicus Capital grew its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 52.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,641 shares of the technology company's stock after acquiring an additional 1,603 shares during the quarter. Vicus Capital's holdings in International Business Machines were worth $1,154,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Inscription Capital LLC bought a new stake in International Business Machines during the 1st quarter valued at about $2,099,000. Blackston Financial Advisory Group LLC grew its holdings in shares of International Business Machines by 6.1% during the first quarter. Blackston Financial Advisory Group LLC now owns 1,676 shares of the technology company's stock valued at $417,000 after buying an additional 96 shares during the last quarter. Stephens Consulting LLC increased its position in shares of International Business Machines by 1.4% during the first quarter. Stephens Consulting LLC now owns 3,879 shares of the technology company's stock valued at $965,000 after acquiring an additional 54 shares in the last quarter. Grove Bank & Trust raised its holdings in International Business Machines by 14.1% in the 1st quarter. Grove Bank & Trust now owns 8,479 shares of the technology company's stock worth $2,108,000 after acquiring an additional 1,050 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in International Business Machines by 15.6% in the 1st quarter. QRG Capital Management Inc. now owns 174,129 shares of the technology company's stock valued at $43,299,000 after acquiring an additional 23,477 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

NYSE:IBM opened at $281.66 on Tuesday. The firm's fifty day moving average is $253.83 and its two-hundred day moving average is $244.28. The firm has a market cap of $261.77 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 5.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a one year low of $167.50 and a one year high of $284.50.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The company's revenue was up .5% compared to the same quarter last year. Research analysts expect that International Business Machines Co. will post 10.78 EPS 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 given a dividend of $1.68 per share. This is a positive change 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 2.39%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IBM shares. Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of International Business Machines in a research note on Wednesday, May 7th. Morgan Stanley decreased their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Wall Street Zen cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Royal Bank of Canada increased their price objective on shares of International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $250.31.

About International Business Machines

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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