Breakwater Capital Group Boosts Stake in International Business Machines Co. (NYSE:IBM)

Breakwater Capital Group lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 45.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,766 shares of the technology company’s stock after buying an additional 1,487 shares during the period. Breakwater Capital Group’s holdings in International Business Machines were worth $1,185,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Compass Financial Services Inc bought a new stake in shares of International Business Machines in the fourth quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new stake in International Business Machines in the fourth quarter worth approximately $31,000. Rialto Wealth Management LLC purchased a new stake in International Business Machines during the 4th quarter valued at $35,000. Tacita Capital Inc lifted its holdings in shares of International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after buying an additional 122 shares during the period. Finally, Park Square Financial Group LLC bought a new stake in shares of International Business Machines in the fourth quarter worth $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 0.1%

Shares of IBM stock opened at $265.34 on Thursday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a fifty day simple moving average of $247.45 and a two-hundred day simple moving average of $240.98. The firm has a market capitalization of $246.61 billion, a PE ratio of 41.39, a PEG ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 52-week low of $165.78 and a 52-week high of $269.28.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping 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 38.99% and a net margin of 9.60%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. On average, analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.53%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is 115.66%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup reissued an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. BMO Capital Markets reiterated a “market perform” rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Erste Group Bank upgraded shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a “hold” rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of International Business Machines in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $249.06.

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.