International Business Machines Co. (NYSE:IBM) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its holdings in International Business Machines Co. (NYSE:IBM) by 31.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,652 shares of the technology company’s stock after purchasing an additional 2,084 shares during the quarter. Kovack Advisors Inc.’s holdings in International Business Machines were worth $1,652,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after purchasing an additional 365,388 shares during the last quarter. Morgan Stanley increased its position in International Business Machines by 13.4% in the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock worth $2,280,968,000 after buying an additional 1,919,490 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in International Business Machines by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,465,214 shares of the technology company’s stock valued at $1,048,631,000 after buying an additional 61,028 shares during the last quarter. Norges Bank acquired a new position in shares of International Business Machines during the fourth quarter valued at $1,019,009,000. Finally, Dimensional Fund Advisors LP grew its position in shares of International Business Machines by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,500,184 shares of the technology company’s stock worth $736,015,000 after acquiring an additional 97,482 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on IBM. Stifel Nicolaus restated a “buy” rating and set a $190.00 price target on shares of International Business Machines in a research report on Thursday, May 16th. JPMorgan Chase & Co. lowered their price target on shares of International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. BNP Paribas began coverage on shares of International Business Machines in a research report on Thursday, May 2nd. They set an “underperform” rating and a $145.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a research report on Wednesday, May 22nd. Finally, UBS Group upped their price target on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. Three equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $182.53.

International Business Machines Stock Down 0.9 %

Shares of International Business Machines stock opened at $175.73 on Friday. The stock’s fifty day moving average is $169.55 and its 200-day moving average is $176.76. The firm has a market capitalization of $161.43 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 4.34 and a beta of 0.71. International Business Machines Co. has a 12-month low of $131.55 and a 12-month high of $199.18. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate 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 $1.67 dividend. The ex-dividend date was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.80%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio 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.