Revolve Wealth Partners LLC Purchases 175 Shares of International Business Machines Co. (NYSE:IBM)

Revolve Wealth Partners LLC raised its position in International Business Machines Co. (NYSE:IBM) by 11.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,649 shares of the technology company’s stock after acquiring an additional 175 shares during the quarter. Revolve Wealth Partners LLC’s holdings in International Business Machines were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Naples Money Management LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of International Business Machines during the 4th quarter valued at about $31,000. Financial Synergies Wealth Advisors Inc. lifted its position in shares of International Business Machines by 164.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of International Business Machines by 54.6% during the 1st quarter. Versant Capital Management Inc now owns 218 shares of the technology company’s stock valued at $42,000 after buying an additional 77 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IBM shares. Sanford C. Bernstein lifted their target price 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. Wedbush lifted their target price on International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. BMO Capital Markets decreased their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. decreased their target price on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Jefferies Financial Group decreased their target price 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. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $182.53.

International Business Machines Stock Performance

NYSE IBM opened at $171.87 on Thursday. The company has a market cap of $157.88 billion, a P/E ratio of 19.46, a P/E/G ratio of 4.26 and a beta of 0.72. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The business’s 50 day moving average price is $170.56 and its 200-day moving average price is $176.40. International Business Machines Co. has a fifty-two week low of $130.83 and a fifty-two week high of $199.18.

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

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $1.67 per share. The ex-dividend date was Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.89%. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is currently 75.65%.

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.