First Dallas Securities Inc. Purchases 11,286 Shares of International Business Machines Co. (NYSE:IBM)

First Dallas Securities Inc. boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 128.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,041 shares of the technology company’s stock after purchasing an additional 11,286 shares during the period. International Business Machines comprises 1.5% of First Dallas Securities Inc.’s holdings, making the stock its 13th biggest holding. First Dallas Securities Inc.’s holdings in International Business Machines were worth $3,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arden Trust Co grew its stake in International Business Machines by 2.8% during the 1st quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock valued at $377,000 after acquiring an additional 54 shares in the last quarter. Armbruster Capital Management Inc. boosted its stake in International Business Machines by 2.3% during the second quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company’s stock worth $432,000 after buying an additional 56 shares during the last quarter. CVA Family Office LLC increased its stake in shares of International Business Machines by 3.3% in the 2nd quarter. CVA Family Office LLC now owns 1,796 shares of the technology company’s stock worth $311,000 after acquiring an additional 57 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 58 shares during the period. Finally, Peddock Capital Advisors LLC boosted its position in shares of International Business Machines by 0.6% during the 2nd quarter. Peddock Capital Advisors LLC now owns 10,040 shares of the technology company’s stock valued at $1,736,000 after acquiring an additional 58 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Down 0.7 %

NYSE:IBM traded down $1.45 during mid-day trading on Thursday, hitting $202.66. The stock had a trading volume of 663,063 shares, compared to its average volume of 4,214,330. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $205.95. The stock has a 50-day simple moving average of $188.33 and a two-hundred day simple moving average of $182.28. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $186.16 billion, a PE ratio of 23.04, a PEG ratio of 4.50 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27. The firm had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. International Business Machines’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.18 earnings per share. On average, equities research analysts anticipate that International Business Machines Co. will post 10.09 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a $1.67 dividend. The ex-dividend date is Friday, August 9th. This represents a $6.68 annualized dividend and a yield of 3.30%. International Business Machines’s dividend payout ratio is currently 75.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group lifted their target price on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research note on Wednesday. Stifel Nicolaus raised their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. The Goldman Sachs Group began coverage on International Business Machines in a research note on Monday, June 24th. They issued a “buy” rating and a $200.00 price target on the stock. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Jefferies Financial Group lifted their price target on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $185.93.

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.