Bank of New Hampshire lifted its holdings in shares of International Business Machines Co. (NYSE:IBM – Get Rating) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,372 shares of the technology company’s stock after buying an additional 415 shares during the quarter. Bank of New Hampshire’s holdings in International Business Machines were worth $568,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in IBM. IFS Advisors LLC purchased a new stake in International Business Machines in the 4th quarter worth approximately $28,000. Total Clarity Wealth Management Inc. boosted its holdings in shares of International Business Machines by 537.5% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock worth $34,000 after purchasing an additional 215 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of International Business Machines in the 4th quarter worth about $37,000. Claremont Financial Group Inc. purchased a new stake in International Business Machines during the 4th quarter valued at about $38,000. Finally, Bray Capital Advisors boosted its holdings in International Business Machines by 100.0% during the 4th quarter. Bray Capital Advisors now owns 402 shares of the technology company’s stock valued at $54,000 after acquiring an additional 201 shares during the period. Institutional investors own 55.22% of the company’s stock.
In other International Business Machines news, major shareholder Business Machine International sold 22,301,536 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the sale, the insider now directly owns 22,301,536 shares in the company, valued at approximately $311,106,427.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.
Several brokerages recently weighed in on IBM. BMO Capital Markets increased their target price on International Business Machines from $148.00 to $152.00 and gave the company a “market perform” rating in a report on Wednesday, April 20th. Tigress Financial increased their target price on International Business Machines from $133.00 to $139.00 and gave the stock a “neutral” rating in a research report on Thursday, April 21st. Morgan Stanley increased their target price on International Business Machines from $150.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. Credit Suisse Group increased their target price on International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 20th. Finally, Bank of America increased their target price on International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $147.25.
IBM stock opened at $141.19 on Friday. International Business Machines Co. has a twelve month low of $114.56 and a twelve month high of $147.50. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 2.44. The firm has a market cap of $126.99 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.00. The business has a 50 day moving average of $136.58 and a 200 day moving average of $132.32.
International Business Machines (NYSE:IBM – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.84 billion. During the same quarter last year, the company earned $1.77 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, research analysts expect that International Business Machines Co. will post 9.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Tuesday, May 10th were paid a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 4.67%. This is an increase from International Business Machines’ previous quarterly dividend of $1.64. The ex-dividend date of this dividend was Monday, May 9th. International Business Machines’s dividend payout ratio (DPR) is currently 108.20%.
International Business Machines Company Profile: (Get Rating)
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments. Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.
Receive News & Ratings for International Business Machines Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for International Business Machines and related companies with MarketBeat.com’s FREE daily email newsletter.