Clarity Capital Partners LLC Purchases Shares of 1,110 International Business Machines Corporation (NYSE:IBM)

Clarity Capital Partners LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM) during the 1st quarter, Holdings Channel reports. The firm purchased 1,110 shares of the technology company’s stock, valued at approximately $276,000.

Other large investors also recently made changes to their positions in the company. Vision Financial Markets LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $35,000. Park Square Financial Group LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $43,000. Park Place Capital Corp boosted its holdings in shares of International Business Machines by 42.6% in the first quarter. Park Place Capital Corp now owns 194 shares of the technology company’s stock valued at $48,000 after acquiring an additional 58 shares in the last quarter. Finally, Measured Risk Portfolios Inc. bought a new stake in International Business Machines during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IBM shares. Citigroup restated an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. Royal Bank Of Canada raised their target price on shares of International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Wedbush raised their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a “hold” rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $257.50.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $287.79 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The firm’s 50-day simple moving average is $265.93 and its 200-day simple moving average is $248.79. International Business Machines Corporation has a twelve month low of $173.95 and a twelve month high of $296.16. The firm has a market cap of $267.47 billion, a P/E ratio of 49.53, a price-to-earnings-growth ratio of 6.11 and a beta of 0.69.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The business had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm’s revenue was up .5% on a year-over-year basis. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a dividend of $1.68 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.34%. International Business Machines’s dividend payout ratio (DPR) is currently 115.66%.

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.