WJ Interests LLC Invests $423,000 in International Business Machines Corporation (NYSE:IBM)

WJ Interests LLC purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,700 shares of the technology company's stock, valued at approximately $423,000. International Business Machines comprises 0.2% of WJ Interests LLC's holdings, making the stock its 15th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Point Advisors Inc. bought a new position in International Business Machines in the 1st quarter worth $221,000. Walter & Keenan Wealth Management LLC IN ADV raised its holdings in International Business Machines by 5.6% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 3,689 shares of the technology company's stock worth $917,000 after purchasing an additional 196 shares during the period. DecisionMap Wealth Management LLC raised its holdings in International Business Machines by 16.7% in the 1st quarter. DecisionMap Wealth Management LLC now owns 1,378 shares of the technology company's stock worth $343,000 after purchasing an additional 197 shares during the period. Blue Trust Inc. raised its holdings in International Business Machines by 7.8% in the 1st quarter. Blue Trust Inc. now owns 22,597 shares of the technology company's stock worth $5,619,000 after purchasing an additional 1,635 shares during the period. Finally, Brady Martz Wealth Solutions LLC raised its holdings in International Business Machines by 0.6% in the 1st quarter. Brady Martz Wealth Solutions LLC now owns 8,967 shares of the technology company's stock worth $2,230,000 after purchasing an additional 57 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and set a $300.00 price target on shares of International Business Machines in a report on Wednesday, May 7th. Finally, Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, International Business Machines has a consensus rating of "Hold" and a consensus target price of $252.19.

International Business Machines Trading Up 0.0%

Shares of International Business Machines stock opened at $283.15 on Friday. The firm has a market cap of $263.16 billion, a price-to-earnings ratio of 48.74, a PEG ratio of 5.95 and a beta of 0.66. The business has a 50-day moving average price of $256.81 and a 200-day moving average price of $245.20. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a twelve month low of $170.41 and a twelve month high of $286.91.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 earnings per share. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.37%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

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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