Argentarii LLC Raises Stake in International Business Machines Corporation (NYSE:IBM)

Argentarii LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 14.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 9,950 shares of the technology company’s stock after buying an additional 1,271 shares during the quarter. International Business Machines accounts for approximately 1.2% of Argentarii LLC’s portfolio, making the stock its 22nd largest holding. Argentarii LLC’s holdings in International Business Machines were worth $2,474,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IBM. Wealth Dimensions Group Ltd. boosted its stake in shares of International Business Machines by 1.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company’s stock valued at $873,000 after purchasing an additional 40 shares during the period. Pallas Capital Advisors LLC increased its holdings in International Business Machines by 0.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock worth $1,195,000 after buying an additional 42 shares in the last quarter. Titleist Asset Management LLC boosted its position in International Business Machines by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company’s stock worth $315,000 after purchasing an additional 43 shares during the last quarter. Range Financial Group LLC boosted its position in International Business Machines by 0.6% in the first quarter. Range Financial Group LLC now owns 7,350 shares of the technology company’s stock worth $1,828,000 after purchasing an additional 43 shares during the last quarter. Finally, Private Wealth Partners LLC boosted its position in International Business Machines by 1.7% in the first quarter. Private Wealth Partners LLC now owns 2,647 shares of the technology company’s stock worth $658,000 after purchasing an additional 43 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IBM. BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Erste Group Bank upgraded International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Morgan Stanley dropped their price objective on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada upped their target price on International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Finally, KGI Securities set a $242.00 price objective on International Business Machines and gave the stock a “hold” rating in a research note on Thursday, April 24th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $257.50.

International Business Machines Stock Up 1.4%

IBM opened at $291.66 on Friday. The business has a 50 day moving average price of $268.36 and a two-hundred day moving average price of $249.86. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.09. The company has a market cap of $271.06 billion, a PE ratio of 50.20, a P/E/G ratio of 6.13 and a beta of 0.69. International Business Machines Corporation has a 52 week low of $174.45 and a 52 week high of $296.16.

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

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a $1.68 dividend. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.30%. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

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.