Register Financial Advisors LLC Acquires 610 Shares of International Business Machines Co. (NYSE:IBM)

Register Financial Advisors LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 12.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,501 shares of the technology company’s stock after purchasing an additional 610 shares during the quarter. Register Financial Advisors LLC’s holdings in International Business Machines were worth $1,050,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of International Business Machines by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock valued at $11,515,290,000 after acquiring an additional 365,388 shares during the period. Morgan Stanley grew its holdings in International Business Machines by 13.4% during the third quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after purchasing an additional 1,919,490 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of 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 period. Norges Bank purchased a new position in shares of International Business Machines during the 4th quarter valued at $1,019,009,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of International Business Machines by 2.2% during the 4th 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 period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

NYSE:IBM traded up $2.10 during mid-day trading on Friday, reaching $172.95. The stock had a trading volume of 4,058,104 shares, compared to its average volume of 4,566,611. The stock has a market capitalization of $158.87 billion, a P/E ratio of 19.59, a P/E/G ratio of 4.24 and a beta of 0.72. The firm has a 50 day moving average price of $169.95 and a two-hundred day moving average price 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 Co. has a one year low of $131.55 and a one year high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 13.18% and a return on equity of 40.21%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. As a group, analysts expect 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. Investors of record on Friday, May 10th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.86%. International Business Machines’s dividend payout ratio is currently 75.65%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IBM. BMO Capital Markets reduced their target price on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Stifel Nicolaus reissued a “buy” rating and set a $190.00 target price on shares of International Business Machines in a report on Thursday, May 16th. BNP Paribas assumed coverage on International Business Machines in a report on Thursday, May 2nd. They issued an “underperform” rating and a $145.00 price target for the company. UBS Group boosted 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. Finally, Jefferies Financial Group reduced their target price 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. Three equities research 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, the company presently has an average rating of “Hold” and an average price target of $182.53.

About International Business Machines

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.