WoodTrust Financial Corp Acquires 453 Shares of International Business Machines Co. (NYSE:IBM)

WoodTrust Financial Corp grew its holdings in International Business Machines Co. (NYSE:IBM) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,189 shares of the technology company’s stock after purchasing an additional 453 shares during the quarter. WoodTrust Financial Corp’s holdings in International Business Machines were worth $1,182,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Naples Money Management LLC bought a new position in shares of International Business Machines in the 4th quarter valued at about $28,000. Creekmur Asset Management LLC bought a new position in shares of International Business Machines in the 4th quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of International Business Machines in the 4th quarter valued at about $31,000. Financial Synergies Wealth Advisors Inc. boosted its stake in International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in International Business Machines by 54.6% during the 1st quarter. Versant Capital Management Inc now owns 218 shares of the technology company’s stock worth $42,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.2 %

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 company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The stock’s 50 day moving average price is $169.95 and its two-hundred day moving average price is $176.40. International Business Machines Co. has a twelve month low of $131.55 and a twelve month high of $199.18. The stock has a market cap of $158.87 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 4.21 and a beta of 0.72.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same period in the prior year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts expect that International Business Machines Co. will post 9.9 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders 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 yield of 3.86%. The ex-dividend date of this dividend was Thursday, May 9th. International Business Machines’s dividend payout ratio is 75.65%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research note on Monday, April 22nd. Jefferies Financial Group reduced their price objective on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Morgan Stanley reduced their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of International Business Machines in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $182.53.

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.