International Business Machines Co. (NYSE:IBM) Shares Purchased by New England Research & Management Inc.

New England Research & Management Inc. boosted its position in International Business Machines Co. (NYSE:IBM) by 28.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,440 shares of the technology company’s stock after purchasing an additional 2,321 shares during the quarter. New England Research & Management Inc.’s holdings in International Business Machines were worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP grew its holdings in shares of International Business Machines by 6.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 90,209 shares of the technology company’s stock worth $12,656,000 after purchasing an additional 5,394 shares during the period. Bank of Nova Scotia boosted its holdings in International Business Machines by 11.7% in the 3rd quarter. Bank of Nova Scotia now owns 100,825 shares of the technology company’s stock worth $14,146,000 after acquiring an additional 10,585 shares during the period. Morningstar Investment Services LLC boosted its holdings in International Business Machines by 41.3% in the 3rd quarter. Morningstar Investment Services LLC now owns 3,016 shares of the technology company’s stock worth $427,000 after acquiring an additional 882 shares during the period. Cape Cod Five Cents Savings Bank boosted its holdings in International Business Machines by 31.5% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 4,120 shares of the technology company’s stock worth $578,000 after acquiring an additional 987 shares during the period. Finally, CWA Asset Management Group LLC boosted its holdings in International Business Machines by 6.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 14,229 shares of the technology company’s stock worth $1,996,000 after acquiring an additional 829 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IBM shares. Jefferies Financial Group decreased their price target on International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. UBS Group upped their target price on International Business Machines from $125.00 to $130.00 and gave the company a “sell” rating in a research report on Monday, April 22nd. Sanford C. Bernstein upped their price target on International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $190.00 target price on shares of International Business Machines in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $182.53.

International Business Machines Trading Up 1.2 %

NYSE:IBM opened at $172.95 on Friday. International Business Machines Co. has a 1 year low of $131.55 and a 1 year high of $199.18. The stock has a market cap of $158.87 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 4.21 and a beta of 0.72. The business has a fifty day moving average of $169.95 and a 200-day moving average of $176.40. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $14.46 billion during the quarter, compared to analysts’ expectations 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 prior year, the business posted $1.36 earnings per share. Equities analysts predict 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. Investors of record on Friday, May 10th were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.86%. This is a boost 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.