S.E.E.D. Planning Group LLC Purchases 6,127 Shares of International Business Machines Co. (NYSE:IBM)

S.E.E.D. Planning Group LLC grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 113.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,520 shares of the technology company’s stock after acquiring an additional 6,127 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in International Business Machines were worth $2,200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. New England Research & Management Inc. boosted its holdings in shares of International Business Machines by 28.6% during the 1st quarter. New England Research & Management Inc. now owns 10,440 shares of the technology company’s stock valued at $1,994,000 after acquiring an additional 2,321 shares during the last quarter. Norwood Financial Corp boosted its holdings in shares of International Business Machines by 7.2% in the first quarter. Norwood Financial Corp now owns 3,566 shares of the technology company’s stock worth $681,000 after buying an additional 240 shares during the last quarter. Register Financial Advisors LLC boosted its holdings in shares of International Business Machines by 12.5% in the first quarter. Register Financial Advisors LLC now owns 5,501 shares of the technology company’s stock worth $1,050,000 after buying an additional 610 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of International Business Machines by 127.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,891 shares of the technology company’s stock worth $552,000 after buying an additional 1,621 shares during the last quarter. Finally, Baugh & Associates LLC purchased a new position in shares of International Business Machines in the first quarter worth approximately $292,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of International Business Machines stock traded up $2.10 during midday trading on Friday, hitting $172.95. The company had a trading volume of 4,193,459 shares, compared to its average volume of 3,570,876. 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. 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 company has a fifty day simple moving average of $169.95 and a 200 day simple moving average of $176.40.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping 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 business had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter last year, the company earned $1.36 EPS. The business’s revenue was up 1.5% on a year-over-year basis. As a group, analysts predict that International Business Machines Co. will post 9.9 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 3.86%. 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. International Business Machines’s payout ratio is 75.65%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets dropped their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. The Goldman Sachs Group began coverage on shares of International Business Machines in a report on Monday, June 24th. They issued a “buy” rating and a $200.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Wedbush upped their price target on shares of International Business Machines from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of International Business Machines in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $182.53.

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.