DekaBank Deutsche Girozentrale Increases Stake in International Business Machines Co. (NYSE:IBM)

DekaBank Deutsche Girozentrale boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 10.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 558,521 shares of the technology company’s stock after purchasing an additional 54,038 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of International Business Machines worth $75,089,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Financial Enhancement Group LLC grew its position in International Business Machines by 852.4% during the 4th quarter. Financial Enhancement Group LLC now owns 200 shares of the technology company’s stock valued at $25,000 after purchasing an additional 179 shares during the last quarter. Oxler Private Wealth LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $25,000. DB Wealth Management Group LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $29,000. Diversified LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $29,000. Finally, Sage Private Wealth Group LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $31,000. 55.67% of the stock is currently owned by institutional investors.

International Business Machines stock opened at $144.75 on Tuesday. The stock has a market cap of $129.34 billion, a P/E ratio of 16.39, a PEG ratio of 3.36 and a beta of 1.25. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.05 and a quick ratio of 1.00. International Business Machines Co. has a 1 year low of $105.92 and a 1 year high of $148.74. The firm’s 50 day moving average price is $135.20 and its 200-day moving average price is $125.17.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Sunday, April 18th. The technology company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.14. The firm had revenue of $17.73 billion for the quarter, compared to analysts’ expectations of $17.35 billion. International Business Machines had a net margin of 10.53% and a return on equity of 48.69%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 earnings per share. As a group, equities analysts expect that International Business Machines Co. will post 8.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Monday, May 10th will be issued a $1.64 dividend. The ex-dividend date is Friday, May 7th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 4.53%. International Business Machines’s dividend payout ratio (DPR) is 50.90%.

A number of analysts have recently issued reports on the stock. Credit Suisse Group raised their price target on shares of International Business Machines from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, April 26th. BMO Capital Markets increased their price objective on shares of International Business Machines from $138.00 to $150.00 and gave the stock a “market perform” rating in a research note on Monday, April 26th. Morgan Stanley increased their price objective on shares of International Business Machines from $150.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, April 26th. Finally, Stifel Nicolaus increased their price objective on shares of International Business Machines from $147.00 to $151.00 and gave the stock a “buy” rating in a research note on Tuesday, April 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. International Business Machines presently has an average rating of “Hold” and an average target price of $146.00.

About International Business Machines

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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