RFG Advisory LLC Increases Holdings in International Business Machines Co. (NYSE:IBM)

RFG Advisory LLC increased its stake in International Business Machines Co. (NYSE:IBM) by 3.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,897 shares of the technology company’s stock after buying an additional 631 shares during the quarter. RFG Advisory LLC’s holdings in International Business Machines were worth $4,181,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in IBM. Vontobel Holding Ltd. raised its position in shares of International Business Machines by 20.3% during the 4th quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock valued at $78,045,000 after buying an additional 80,474 shares in the last quarter. Natixis Advisors L.P. increased its stake in International Business Machines by 18.1% in the third quarter. Natixis Advisors L.P. now owns 372,307 shares of the technology company’s stock valued at $52,235,000 after acquiring an additional 57,170 shares during the last quarter. Tsfg LLC increased its stake in International Business Machines by 40.5% in the fourth quarter. Tsfg LLC now owns 378 shares of the technology company’s stock valued at $62,000 after acquiring an additional 109 shares during the last quarter. Auxano Advisors LLC increased its stake in International Business Machines by 4.8% in the fourth quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock valued at $556,000 after acquiring an additional 156 shares during the last quarter. Finally, Waverly Advisors LLC increased its stake in International Business Machines by 48.1% in the third quarter. Waverly Advisors LLC now owns 19,692 shares of the technology company’s stock valued at $2,763,000 after acquiring an additional 6,397 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of International Business Machines in a research note on Wednesday, May 22nd. Morgan Stanley reduced their target price on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Jefferies Financial Group reduced their price objective on International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Sanford C. Bernstein raised their price objective on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Finally, UBS Group raised their price objective on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $181.29.

International Business Machines Stock Down 0.8 %

NYSE IBM opened at $172.46 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The stock has a market capitalization of $158.42 billion, a PE ratio of 19.53, a PEG ratio of 4.29 and a beta of 0.72. International Business Machines Co. has a 1 year low of $129.18 and a 1 year high of $199.18. The business’s 50-day moving average is $170.91 and its 200 day moving average is $176.11.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the business posted $1.36 earnings per share. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts forecast that International Business Machines Co. will post 9.9 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.87%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

International Business Machines Company 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.