DekaBank Deutsche Girozentrale Buys 3,983 Shares of International Business Machines Corporation (NYSE:IBM)

DekaBank Deutsche Girozentrale raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,355,436 shares of the technology company's stock after acquiring an additional 3,983 shares during the period. DekaBank Deutsche Girozentrale owned about 0.15% of International Business Machines worth $326,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. MinichMacGregor Wealth Management LLC acquired a new stake in International Business Machines in the first quarter valued at approximately $396,000. Treasurer of the State of North Carolina boosted its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Alpha Cubed Investments LLC increased its holdings in International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after purchasing an additional 2,399 shares in the last quarter. Mufg Securities Americas Inc. bought a new position in International Business Machines in the fourth quarter valued at about $3,000,000. Finally, Magnolia Private Wealth LLC acquired a new stake in shares of International Business Machines during the first quarter valued at about $239,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 0.2%

NYSE IBM traded down $0.59 during trading hours on Wednesday, hitting $289.83. The company's stock had a trading volume of 2,969,701 shares, compared to its average volume of 4,236,216. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. The company's 50-day simple moving average is $271.47 and its two-hundred day simple moving average is $251.07. The company has a market capitalization of $269.37 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 6.10 and a beta of 0.69. International Business Machines Corporation has a 52 week low of $174.45 and a 52 week high of $296.16.

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

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is presently 115.66%.

Analysts Set New Price Targets

IBM has been the subject of several recent research reports. Royal Bank Of Canada upped their price objective on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. KGI Securities set a $242.00 price target on shares of International Business Machines and gave the company a "hold" rating in a research report on Thursday, April 24th. Wedbush lifted their price target 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. UBS Group restated a "sell" rating and issued a $195.00 price objective (up from $170.00) on shares of International Business Machines in a report on Wednesday. Finally, Morgan Stanley cut their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $259.06.

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.