Narus Financial Partners LLC Buys 153 Shares of International Business Machines Co. (NYSE:IBM)

Narus Financial Partners LLC boosted its stake in International Business Machines Co. (NYSE:IBM) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,979 shares of the technology company’s stock after buying an additional 153 shares during the period. Narus Financial Partners LLC’s holdings in International Business Machines were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBM. Schonfeld Strategic Advisors LLC bought a new position in International Business Machines during the 3rd quarter valued at approximately $801,000. Hodges Capital Management Inc. purchased a new position in shares of International Business Machines in the 3rd quarter worth about $877,000. Lazard Asset Management LLC boosted its stake in International Business Machines by 30.8% in the 3rd quarter. Lazard Asset Management LLC now owns 1,256,859 shares of the technology company’s stock worth $176,336,000 after purchasing an additional 295,750 shares in the last quarter. Gallagher Fiduciary Advisors LLC purchased a new stake in International Business Machines during the 3rd quarter valued at about $238,000. Finally, AQR Capital Management LLC increased its stake in International Business Machines by 35.8% during the 3rd quarter. AQR Capital Management LLC now owns 723,767 shares of the technology company’s stock valued at $101,544,000 after purchasing an additional 190,960 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on IBM shares. JPMorgan Chase & Co. lowered their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of International Business Machines in a research note on Wednesday, May 22nd. UBS Group increased their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday, April 22nd. The Goldman Sachs Group started coverage on International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Finally, Sanford C. Bernstein lifted their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Three 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’s stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average target price of $182.53.

International Business Machines Trading Up 1.0 %

Shares of NYSE:IBM traded up $1.81 during trading on Tuesday, reaching $176.91. The company’s stock had a trading volume of 1,469,025 shares, compared to its average volume of 4,532,142. The stock has a market capitalization of $162.51 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 4.27 and a beta of 0.71. International Business Machines Co. has a 12 month low of $131.55 and a 12 month high of $199.18. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 2.32. The firm’s 50 day simple moving average is $169.95 and its two-hundred day simple moving average is $176.57.

International Business Machines (NYSE:IBM) last posted 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. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company earned $1.36 EPS. On average, research analysts predict that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, May 9th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.78%. International Business Machines’s dividend payout ratio (DPR) is 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.