MADDEN SECURITIES Corp Acquires 95 Shares of International Business Machines Co. (NYSE:IBM)

MADDEN SECURITIES Corp lifted its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.7% during the first quarter, HoldingsChannel reports. The firm owned 14,505 shares of the technology company’s stock after purchasing an additional 95 shares during the quarter. International Business Machines accounts for about 1.4% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 21st biggest holding. MADDEN SECURITIES Corp’s holdings in International Business Machines were worth $3,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vision Financial Markets LLC bought a new stake in International Business Machines during the 4th quarter valued at $31,000. Rialto Wealth Management LLC purchased a new position in shares of International Business Machines in the fourth quarter valued at $35,000. Tacita Capital Inc raised its stake in shares of International Business Machines by 174.3% during the 4th 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 International Business Machines during the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC bought a new position in International Business Machines in the 4th quarter worth about $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $272.13 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock’s fifty day moving average is $248.62 and its two-hundred day moving average is $242.46. International Business Machines Co. has a 52 week low of $166.81 and a 52 week high of $274.85. The company has a market capitalization of $252.92 billion, a PE ratio of 42.45, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66.

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 the consensus estimate 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 analysts’ expectations of $14.41 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. International Business Machines’s revenue was up .5% compared to the same quarter last year. As a group, analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $1.68 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.47%. International Business Machines’s dividend payout ratio (DPR) is currently 115.66%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IBM shares. Citigroup reaffirmed an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Jefferies Financial Group reaffirmed a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. UBS Group restated a “sell” rating and set a $170.00 target price (up from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $250.31.

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.