International Business Machines Co. (NYSE:IBM) Shares Acquired by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC boosted its holdings in International Business Machines Co. (NYSE:IBM) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,248 shares of the technology company’s stock after purchasing an additional 565 shares during the quarter. Uncommon Cents Investing LLC’s holdings in International Business Machines were worth $1,575,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Naples Money Management LLC acquired a new position in International Business Machines in the fourth quarter worth $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the fourth quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines in the fourth quarter worth $31,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after purchasing an additional 123 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in International Business Machines by 54.6% in the first quarter. Versant Capital Management Inc now owns 218 shares of the technology company’s stock worth $42,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on IBM. Wedbush lifted their price objective 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. Morgan Stanley cut their target price on 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. BNP Paribas assumed coverage on International Business Machines in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 target price on the stock. Jefferies Financial Group cut their target price on 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of International Business Machines in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $182.53.

International Business Machines Stock Performance

Shares of NYSE IBM traded down $1.57 during midday trading on Thursday, reaching $175.73. 1,649,049 shares of the company traded hands, compared to its average volume of 3,576,998. International Business Machines Co. has a 52 week low of $131.55 and a 52 week high of $199.18. The stock has a 50-day moving average price of $169.55 and a 200 day moving average price of $176.76. 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 cap of $161.43 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 4.37 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 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 analysts’ expectations of $14.53 billion. During the same period in the previous year, the business earned $1.36 earnings per share. International Business Machines’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that International Business Machines Co. will post 9.9 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were paid a $1.67 dividend. The ex-dividend date was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a yield of 3.80%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

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.