Rosenberg Matthew Hamilton Increases Stock Holdings in International Business Machines Corporation (NYSE:IBM)

Rosenberg Matthew Hamilton boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 4.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,011 shares of the technology company’s stock after purchasing an additional 94 shares during the period. Rosenberg Matthew Hamilton’s holdings in International Business Machines were worth $500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of International Business Machines by 18.6% during the 4th quarter. Fisher Asset Management LLC now owns 18,292 shares of the technology company’s stock worth $4,021,000 after purchasing an additional 2,872 shares during the last quarter. WoodTrust Financial Corp raised its holdings in International Business Machines by 8.6% in the 4th quarter. WoodTrust Financial Corp now owns 6,434 shares of the technology company’s stock valued at $1,414,000 after buying an additional 510 shares during the period. J.Safra Asset Management Corp raised its holdings in International Business Machines by 189.2% in the 4th quarter. J.Safra Asset Management Corp now owns 1,608 shares of the technology company’s stock valued at $354,000 after buying an additional 1,052 shares during the period. Finally, Assetmark Inc. lifted its position in International Business Machines by 5.7% in the fourth quarter. Assetmark Inc. now owns 40,688 shares of the technology company’s stock valued at $8,944,000 after buying an additional 2,210 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IBM shares. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. 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. Bank of America boosted their target price on International Business Machines from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Royal Bank Of Canada raised their price target on International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. One equities research 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’s stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $257.50.

International Business Machines Trading Down 1.2%

NYSE:IBM opened at $287.79 on Thursday. International Business Machines Corporation has a 12-month low of $173.95 and a 12-month high of $296.16. The firm has a market cap of $267.47 billion, a PE ratio of 49.53, a price-to-earnings-growth ratio of 6.11 and a beta of 0.69. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. The stock has a fifty day moving average price of $265.93 and a 200 day moving average price of $248.79.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The business had revenue of $14.54 billion during the quarter, compared to analysts’ expectations of $14.41 billion. During the same quarter last year, the business posted $1.68 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.34%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s payout ratio is currently 115.66%.

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.