International Business Machines Corporation (NYSE:IBM) Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 15,175.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,661 shares of the technology company's stock after purchasing an additional 185,439 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in International Business Machines were worth $46,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. MinichMacGregor Wealth Management LLC purchased a new position in shares of International Business Machines during the first quarter worth $396,000. Treasurer of the State of North Carolina boosted its holdings in 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 during the period. Alpha Cubed Investments LLC grew its position 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 valued at $1,867,000 after acquiring an additional 2,399 shares in the last quarter. Left Brain Wealth Management LLC increased its stake in International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after purchasing an additional 16,592 shares during the period. Finally, Mufg Securities Americas Inc. acquired a new stake in shares of International Business Machines during the fourth quarter worth about $3,000,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.1%

NYSE:IBM traded up $0.27 during midday trading on Monday, hitting $283.86. 2,856,987 shares of the company were exchanged, compared to its average volume of 4,500,995. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.09. International Business Machines Corporation has a fifty-two week low of $181.81 and a fifty-two week high of $296.16. The company has a market capitalization of $263.82 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 5.95 and a beta of 0.69. The company has a fifty day simple moving average of $273.18 and a 200 day simple moving average of $252.30.

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

International Business Machines Increases Dividend

The firm also recently announced 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 2.37%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's payout ratio is presently 115.66%.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent research reports. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Bank of America upped their price objective on International Business Machines from $290.00 to $320.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. KGI Securities set a $242.00 target price on International Business Machines and gave the company a "hold" rating in a report on Thursday, April 24th. Citigroup restated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Finally, Royal Bank Of Canada boosted their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $259.06.

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.