Maytus Capital Management LLC Makes New $7.25 Million Investment in International Business Machines Co. (NYSE:IBM)

Maytus Capital Management LLC bought a new position in International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 33,000 shares of the technology company's stock, valued at approximately $7,254,000. International Business Machines makes up approximately 2.5% of Maytus Capital Management LLC's investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Compass Financial Services Inc purchased a new position in International Business Machines in the fourth quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at approximately $31,000. Valued Wealth Advisors LLC lifted its holdings in International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of International Business Machines in the fourth quarter worth $35,000. Finally, Tacita Capital Inc raised its stake in shares of International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Buying and Selling

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

International Business Machines Stock Up 1.8%

IBM stock opened at $253.74 on Tuesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The firm has a market cap of $235.82 billion, a PE ratio of 39.58, a P/E/G ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 12 month low of $163.53 and a 12 month high of $266.45. The firm has a 50 day simple moving average of $243.06 and a 200 day simple moving average of $235.19.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company had revenue of $14.54 billion during the quarter, compared to analysts' expectations of $14.41 billion. During the same period last year, the company posted $1.68 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts forecast that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $1.68 dividend. This is an increase 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 2.65%. International Business Machines's dividend payout ratio is 115.66%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IBM. Citigroup reaffirmed an "outperform" rating on shares of International Business Machines in a research report on Saturday. Bank of America lifted their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $276.00 target price on shares of International Business Machines in a report on Monday, April 14th. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, International Business Machines has a consensus rating of "Hold" and an average target price of $248.50.

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.

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