International Business Machines Corporation (NYSE:IBM) Shares Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 5.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,067 shares of the technology company's stock after purchasing an additional 3,276 shares during the period. International Business Machines accounts for about 0.6% of Wedbush Securities Inc.'s investment portfolio, making the stock its 23rd biggest position. Wedbush Securities Inc.'s holdings in International Business Machines were worth $15,434,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. MinichMacGregor Wealth Management LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at $396,000. Treasurer of the State of North Carolina increased its position in shares of International Business Machines by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares during the period. Left Brain Wealth Management LLC increased its position in shares of International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock valued at $4,392,000 after acquiring an additional 16,592 shares during the period. Alpha Cubed Investments LLC increased its position in shares of International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock valued at $1,867,000 after acquiring an additional 2,399 shares during the period. Finally, Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. acquired a new position in shares of International Business Machines in the 1st quarter valued at $4,608,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IBM. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Bank of America cut their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday. Royal Bank Of Canada increased their price target on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Finally, UBS Group increased their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $268.75.

International Business Machines Price Performance

IBM traded down $0.81 on Friday, hitting $259.70. 7,751,998 shares of the company were exchanged, compared to its average volume of 4,403,863. 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 business's fifty day moving average is $277.69 and its 200 day moving average is $255.81. International Business Machines Corporation has a fifty-two week low of $181.81 and a fifty-two week high of $296.16. The firm has a market capitalization of $241.36 billion, a P/E ratio of 42.16, a price-to-earnings-growth ratio of 5.52 and a beta of 0.69.

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

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.59%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is presently 109.09%.

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.