International Business Machines Co. (NYSE:IBM) Shares Bought by First Dallas Securities Inc.

First Dallas Securities Inc. boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 373.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,755 shares of the technology company’s stock after buying an additional 6,905 shares during the period. First Dallas Securities Inc.’s holdings in International Business Machines were worth $1,672,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Naples Money Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $31,000. Stone House Investment Management LLC increased its holdings in shares of International Business Machines by 971.4% in the third quarter. Stone House Investment Management LLC now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 204 shares during the period. Finally, Financial Gravity Asset Management Inc. increased its holdings in shares of International Business Machines by 67.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 225 shares of the technology company’s stock valued at $32,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM traded up $2.10 during trading on Friday, reaching $172.95. 4,193,459 shares of the stock were exchanged, compared to its average volume of 3,570,876. The business’s 50 day moving average price is $169.95 and its two-hundred day moving average price 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. The company has a market capitalization of $158.87 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 4.21 and a beta of 0.72. International Business Machines Co. has a 1 year low of $131.55 and a 1 year high of $199.18.

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

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a $1.67 dividend. This is an increase 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 is currently 75.65%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IBM. Jefferies Financial Group dropped their target price on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Sanford C. Bernstein lifted their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Stifel Nicolaus restated a “buy” rating and issued a $190.00 price target on shares of International Business Machines in a research note on Thursday, May 16th. Finally, BMO Capital Markets decreased their price target on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $182.53.

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.