Motive Wealth Advisors Takes $351,000 Position in International Business Machines Co. (NYSE:IBM)

Motive Wealth Advisors purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,840 shares of the technology company’s stock, valued at approximately $351,000.

Other hedge funds have also recently made changes to their positions in the company. Naples Money Management LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in International Business Machines in the fourth quarter valued at approximately $31,000. Financial Synergies Wealth Advisors Inc. lifted its stake in International Business Machines by 164.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock valued at $38,000 after buying an additional 123 shares during the period. Finally, Creative Capital Management Investments LLC lifted its stake in International Business Machines by 56.9% in the first quarter. Creative Capital Management Investments LLC now owns 204 shares of the technology company’s stock valued at $39,000 after buying an additional 74 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of International Business Machines stock traded up $4.48 during trading hours on Friday, hitting $182.79. 4,784,634 shares of the company’s stock traded hands, compared to its average volume of 4,453,149. International Business Machines Co. has a 12-month low of $132.94 and a 12-month high of $199.18. The stock has a market capitalization of $167.91 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 4.39 and a beta of 0.71. The company has a fifty day simple moving average of $171.15 and a 200-day simple moving average of $177.44. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the firm posted $1.36 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Co. will post 9.9 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were paid a dividend of $1.67 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $6.68 annualized dividend and a dividend yield of 3.65%. International Business Machines’s dividend payout ratio is presently 75.65%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IBM shares. JPMorgan Chase & Co. dropped their price target on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of International Business Machines in a report on Wednesday, May 22nd. BMO Capital Markets lowered their target price on International Business Machines from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Wedbush upped their target price on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $190.00 target price on shares of International Business Machines in a research report on Thursday, May 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus 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.