International Business Machines Corporation (NYSE:IBM) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,800 shares of the technology company's stock after acquiring an additional 12,377 shares during the period. International Business Machines makes up 0.8% of Achmea Investment Management B.V.'s holdings, making the stock its 19th largest position. Achmea Investment Management B.V.'s holdings in International Business Machines were worth $57,888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. MinichMacGregor Wealth Management LLC purchased a new stake in shares of International Business Machines in the 1st quarter valued at approximately $396,000. Treasurer of the State of North Carolina grew its position in International Business Machines by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after purchasing an additional 4,131 shares during the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $3,000,000. Magnolia Private Wealth LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at $239,000. Finally, QRG Capital Management Inc. boosted its position in shares of International Business Machines by 7.5% during the 4th quarter. QRG Capital Management Inc. now owns 150,652 shares of the technology company's stock valued at $33,118,000 after acquiring an additional 10,467 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of IBM stock opened at $292.49 on Friday. The company's 50-day simple moving average is $261.91 and its two-hundred day simple moving average is $247.14. International Business Machines Corporation has a one year low of $170.48 and a one year high of $296.16. The company has a market capitalization of $271.84 billion, a P/E ratio of 50.34, a P/E/G ratio of 6.11 and a beta of 0.66. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates 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 firm 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 company earned $1.68 earnings per share. The business's quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current 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 $1.68 dividend. 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 2.30%. International Business Machines's dividend payout ratio is 115.66%.

Analyst Ratings Changes

Several brokerages have recently commented on IBM. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. UBS Group reiterated a "sell" rating and set a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Morgan Stanley lowered their target price on 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. Bank of America lifted their price target on shares of International Business Machines from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Finally, 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. One 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 stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $253.75.

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.

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