DekaBank Deutsche Girozentrale Has $326.23 Million Stake in International Business Machines Corporation (NYSE:IBM)

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

Several other large investors also recently added to or reduced their stakes in IBM. Rialto Wealth Management LLC purchased a new stake in International Business Machines during the fourth quarter valued at $35,000. Measured Risk Portfolios Inc. bought a new position in shares of International Business Machines in the fourth quarter worth about $43,000. Park Square Financial Group LLC bought a new position in International Business Machines during the 4th quarter worth about $43,000. Mascagni Wealth Management Inc. bought a new position in International Business Machines during the 4th quarter worth about $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of International Business Machines during the first quarter valued at about $45,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE IBM traded down $1.91 during trading on Tuesday, reaching $290.56. The stock had a trading volume of 2,923,410 shares, compared to its average volume of 4,227,484. International Business Machines Corporation has a one year low of $174.45 and a one year high of $296.16. 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 stock has a market cap of $270.05 billion, a PE ratio of 50.01, a P/E/G ratio of 6.13 and a beta of 0.69. The firm's 50 day moving average price is $269.48 and its two-hundred day moving average price is $250.52.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The firm's revenue was up .5% on a year-over-year basis. On average, research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share 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. Stockholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.31%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is 115.66%.

Analysts Set New Price Targets

Several research analysts recently commented on IBM shares. Morgan Stanley reduced their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, UBS Group reissued a "sell" rating and issued a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. One 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 issued a strong buy rating to the company's stock. According to MarketBeat, International Business Machines has an average rating of "Hold" and an average price target of $257.50.

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.