International Business Machines Corporation (NYSE:IBM) Holdings Increased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 494,828 shares of the technology company's stock after purchasing an additional 14,556 shares during the period. International Business Machines comprises about 2.9% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 9th largest holding. Commerzbank Aktiengesellschaft FI owned approximately 0.05% of International Business Machines worth $123,044,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines in the first quarter worth about $27,000. Measured Risk Portfolios Inc. purchased a new position in shares of International Business Machines in the fourth quarter worth about $43,000. Park Square Financial Group LLC purchased a new position in shares of International Business Machines in the fourth quarter worth about $43,000. Mascagni Wealth Management Inc. purchased a new position in shares of International Business Machines in the fourth quarter worth about $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of International Business Machines in the first quarter worth about $45,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 1.4%

Shares of IBM traded up $4.04 during mid-day trading on Friday, reaching $286.04. The company had a trading volume of 4,465,031 shares, compared to its average volume of 4,227,467. 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 has a 50-day moving average price of $275.65 and a 200 day moving average price of $253.56. International Business Machines Corporation has a 52 week low of $181.81 and a 52 week high of $296.16. The company has a market capitalization of $265.85 billion, a price-to-earnings ratio of 49.23, a price-to-earnings-growth ratio of 5.92 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period in the previous year, the firm posted $1.68 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.35%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group restated a "sell" rating and set a $195.00 price target (up previously from $170.00) on shares of International Business Machines in a report on Wednesday, July 9th. Stifel Nicolaus boosted their price target on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, KGI Securities set a $242.00 price target on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $266.19.

International Business Machines 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.