International Business Machines Co. (NYSE:IBM) Shares Acquired by Register Financial Advisors LLC

Register Financial Advisors LLC increased its holdings in shares of International Business Machines Co. (NYSE:IBM) by 12.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,501 shares of the technology company’s stock after acquiring an additional 610 shares during the period. Register Financial Advisors LLC’s holdings in International Business Machines were worth $1,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Naples Money Management LLC acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC purchased a new stake in International Business Machines in the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines during the fourth quarter worth $31,000. Stone House Investment Management LLC raised its position in shares of International Business Machines by 971.4% during the 3rd quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock worth $32,000 after purchasing an additional 204 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its stake in International Business Machines by 67.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on IBM shares. BMO Capital Markets cut their price objective on International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Wedbush upped their target price on shares of International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a research report on Wednesday, May 22nd. Finally, Morgan Stanley cut their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $182.53.

International Business Machines Trading Up 1.2 %

Shares of NYSE:IBM traded up $2.10 during midday trading on Friday, reaching $172.95. 4,058,104 shares of the company’s stock were exchanged, compared to its average volume of 4,566,611. The stock has a market cap of $158.87 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 4.24 and a beta of 0.72. International Business Machines Co. has a fifty-two week low of $131.55 and a fifty-two week high of $199.18. The firm’s 50 day simple moving average is $169.95 and its two-hundred day simple moving average is $176.40. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $14.46 billion during the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. As a group, sell-side analysts forecast that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $1.67 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

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.