Secured Retirement Advisors LLC Buys 3,746 Shares of International Business Machines Corporation $IBM

Secured Retirement Advisors LLC lifted its stake in shares of International Business Machines Corporation (NYSE:IBMFree Report) by 54.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 10,673 shares of the technology company’s stock after buying an additional 3,746 shares during the period. International Business Machines makes up about 1.5% of Secured Retirement Advisors LLC’s portfolio, making the stock its 15th largest position. Secured Retirement Advisors LLC’s holdings in International Business Machines were worth $2,587,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Family CFO Inc bought a new position in International Business Machines during the 4th quarter valued at $25,000. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $25,000. Portus Wealth Advisors LLC purchased a new stake in shares of International Business Machines in the first quarter valued at about $26,000. Joseph Group Capital Management bought a new position in shares of International Business Machines during the fourth quarter valued at about $28,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of International Business Machines during the fourth quarter valued at about $28,000. Institutional investors own 58.96% of the company’s stock.

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International Business Machines Price Performance

International Business Machines stock opened at $286.16 on Thursday. The business’s 50 day simple moving average is $255.59 and its 200 day simple moving average is $266.34. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46. The company has a market cap of $268.96 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.91 and a beta of 0.68. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBMGet Free Report) last released its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same period last year, the business posted $1.60 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts forecast that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is presently 59.77%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IBM shares. Piper Sandler raised shares of International Business Machines to an “overweight” rating in a research report on Tuesday, June 23rd. HSBC raised shares of International Business Machines from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $218.00 to $231.00 in a research report on Tuesday, April 28th. Wedbush set a $350.00 target price on International Business Machines in a report on Tuesday, June 2nd. DZ Bank raised International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price for the company in a report on Friday, April 24th. Finally, KeyCorp cut International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $306.76.

Check Out Our Latest Stock Report on International Business Machines

About International Business Machines

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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