Financial Management Network Inc. Acquires 49 Shares of International Business Machines Corporation (NYSE:IBM)

Financial Management Network Inc. increased its holdings in International Business Machines Corporation (NYSE:IBM) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,243 shares of the technology company’s stock after acquiring an additional 49 shares during the period. Financial Management Network Inc.’s holdings in International Business Machines were worth $558,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IBM. Geode Capital Management LLC lifted its stake in International Business Machines by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company’s stock valued at $4,589,145,000 after purchasing an additional 427,499 shares during the last quarter. Capital World Investors raised its stake in shares of International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company’s stock valued at $2,634,577,000 after buying an additional 9,650,534 shares during the period. Northern Trust Corp raised its stake in shares of International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company’s stock valued at $2,384,275,000 after buying an additional 1,704,209 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of International Business Machines by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company’s stock valued at $1,783,281,000 after buying an additional 722,582 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of International Business Machines by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,083,665 shares of the technology company’s stock valued at $1,117,548,000 after buying an additional 99,510 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

IBM opened at $259.70 on Monday. The stock has a 50-day moving average price of $277.69 and a 200-day moving average price of $256.27. International Business Machines Corporation has a 12-month low of $181.81 and a 12-month high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $241.36 billion, a P/E ratio of 42.16, a PEG ratio of 4.01 and a beta of 0.69.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The firm had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This is a boost 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 2.59%. International Business Machines’s dividend payout ratio is presently 109.09%.

Analyst Ratings Changes

Several brokerages have issued reports on IBM. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research note on Friday, July 18th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada boosted their price objective on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $268.75.

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.