International Business Machines Co. (NYSE:IBM) Shares Bought by Park Edge Advisors LLC

Park Edge Advisors LLC raised its holdings in shares of International Business Machines Co. (NYSE:IBM) by 35.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,577 shares of the technology company’s stock after acquiring an additional 1,712 shares during the period. Park Edge Advisors LLC’s holdings in International Business Machines were worth $1,635,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in IBM. Compass Financial Services Inc acquired a new position in International Business Machines during the fourth quarter valued at $26,000. Vision Financial Markets LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at about $31,000. Rialto Wealth Management LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at about $35,000. Tacita Capital Inc lifted its holdings in shares of International Business Machines by 174.3% in 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, Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines in the fourth quarter worth about $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.6%

IBM stock opened at $265.38 on Wednesday. International Business Machines Co. has a 52 week low of $163.88 and a 52 week high of $269.28. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a 50-day simple moving average of $247.02 and a 200-day simple moving average of $240.81. The stock has a market capitalization of $246.64 billion, a P/E ratio of 41.40, a P/E/G ratio of 5.81 and a beta of 0.64.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The company 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%. International Business Machines’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.53%. 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 presently 115.66%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on International Business Machines from $276.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. The Goldman Sachs Group reissued a “buy” rating on shares of International Business Machines in a report on Wednesday, February 5th. Finally, KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a “hold” rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $249.06.

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.