International Business Machines Corporation $IBM Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 3.4% during the 4th quarter, Holdings Channel reports. The firm owned 132,028 shares of the technology company’s stock after acquiring an additional 4,385 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in International Business Machines were worth $39,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBM. Family CFO Inc acquired a new stake in shares of International Business Machines during the fourth quarter worth $25,000. Basepoint Wealth LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $25,000. Joseph Group Capital Management purchased a new position in International Business Machines in the 4th quarter worth $28,000. Cornerstone Financial Management LLC purchased a new position in International Business Machines in the 4th quarter worth $28,000. Finally, SWAN Capital LLC acquired a new stake in International Business Machines during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $271.77 on Monday. The stock has a market capitalization of $255.43 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 2.82 and a beta of 0.66. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46. The firm’s 50 day simple moving average is $250.02 and its 200-day simple moving average is $270.10. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. During the same period in the previous year, the business posted $1.60 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $1.69 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 2.5%. International Business Machines’s dividend payout ratio is presently 59.77%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IBM. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded International Business Machines from a “hold” rating to a “sell” rating in a report on Saturday. Barclays started coverage on International Business Machines in a research report on Monday, June 1st. They issued an “overweight” rating and a $350.00 target price on the stock. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target for the company in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Moderate Buy” and a consensus target price of $304.17.

About International Business Machines

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.