MADDEN SECURITIES Corp Buys 95 Shares of International Business Machines Co. (NYSE:IBM)

MADDEN SECURITIES Corp boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,505 shares of the technology company’s stock after acquiring an additional 95 shares during the period. International Business Machines makes up approximately 1.4% of MADDEN SECURITIES Corp’s holdings, making the stock its 21st largest holding. MADDEN SECURITIES Corp’s holdings in International Business Machines were worth $3,607,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC lifted its position in shares of International Business Machines by 11.8% during the 1st quarter. Accurate Wealth Management LLC now owns 5,767 shares of the technology company’s stock worth $1,358,000 after buying an additional 607 shares during the period. GAMMA Investing LLC raised its stake in International Business Machines by 19.3% during the first quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock worth $4,400,000 after acquiring an additional 2,862 shares in the last quarter. Wealthcare Capital Management LLC bought a new position in shares of International Business Machines during the first quarter valued at $210,000. Wealthcare Advisory Partners LLC boosted its stake in shares of International Business Machines by 2.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 19,030 shares of the technology company’s stock valued at $4,732,000 after purchasing an additional 422 shares in the last quarter. Finally, Octavia Wealth Advisors LLC bought a new stake in shares of International Business Machines in the 1st quarter worth about $251,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $272.13 on Tuesday. The company has a market capitalization of $252.92 billion, a PE ratio of 42.45, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a twelve month low of $166.81 and a twelve month high of $274.85. The firm has a fifty day simple moving average of $248.62 and a 200 day simple moving average of $242.46.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. On average, sell-side analysts forecast that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.47%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is 115.66%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IBM. Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of International Business Machines in a report on Wednesday, May 7th. Citigroup reissued an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. Oppenheimer started coverage on International Business Machines in a research note on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 target price for the company. Morgan Stanley reduced their price target on shares of International Business Machines from $237.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $250.31.

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.