International Business Machines Co. (NYSE:IBM) Shares Acquired by Accurate Wealth Management LLC

Accurate Wealth Management LLC lifted its position in International Business Machines Co. (NYSE:IBM) by 11.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,767 shares of the technology company’s stock after purchasing an additional 607 shares during the quarter. Accurate Wealth Management LLC’s holdings in International Business Machines were worth $1,358,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines during the 4th quarter worth $35,000. Tacita Capital Inc increased its stake in International Business Machines by 174.3% in the fourth quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock valued at $42,000 after purchasing an additional 122 shares during the period. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $43,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on IBM shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of International Business Machines in a research note on Wednesday, May 7th. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Royal Bank of Canada increased their price target on International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. 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. Finally, Bank of America upped their price objective on shares of International Business Machines from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $250.31.

International Business Machines Price Performance

IBM stock opened at $272.13 on Tuesday. The company has a market cap of $252.92 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 5.81 and a beta of 0.66. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The firm has a 50 day moving average of $248.62 and a 200-day moving average of $242.46. International Business Machines Co. has a 12-month low of $166.81 and a 12-month high of $274.85.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. During the same period in the previous year, the business earned $1.68 earnings per share. International Business Machines’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts expect that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a dividend of $1.68 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.47%. International Business Machines’s dividend payout ratio (DPR) is 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.