Huntleigh Advisors Inc. Purchases 270 Shares of International Business Machines Corporation (NYSE:IBM)

Huntleigh Advisors Inc. boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 20.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,564 shares of the technology company’s stock after buying an additional 270 shares during the quarter. Huntleigh Advisors Inc.’s holdings in International Business Machines were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in International Business Machines during the fourth quarter worth $31,000. Rialto Wealth Management LLC bought a new position in shares of International Business Machines in the fourth quarter valued at about $35,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of International Business Machines in the first quarter valued at about $45,000. Park Square Financial Group LLC bought a new position in shares of International Business Machines in the fourth quarter valued at about $43,000. Finally, Park Place Capital Corp raised its position in shares of International Business Machines by 42.6% in the first quarter. Park Place Capital Corp now owns 194 shares of the technology company’s stock valued at $48,000 after purchasing an additional 58 shares during the period. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the topic of several research analyst reports. Wedbush increased their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the company a “hold” rating in a research report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target of $257.50.

International Business Machines Trading Up 1.4%

IBM stock opened at $291.66 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The company’s 50-day simple moving average is $268.36 and its 200 day simple moving average is $249.65. International Business Machines Corporation has a 52 week low of $173.95 and a 52 week high of $296.16. The company has a market capitalization of $271.06 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 6.13 and a beta of 0.69.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. The firm had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.30%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio is presently 115.66%.

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.