Siemens Fonds Invest GmbH Buys 2,176 Shares of International Business Machines Corporation $IBM

Siemens Fonds Invest GmbH increased its stake in shares of International Business Machines Corporation (NYSE:IBMFree Report) by 9.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,023 shares of the technology company’s stock after acquiring an additional 2,176 shares during the period. Siemens Fonds Invest GmbH’s holdings in International Business Machines were worth $7,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blair William & Co. IL increased its holdings in International Business Machines by 2.5% during the 4th quarter. Blair William & Co. IL now owns 471,447 shares of the technology company’s stock valued at $139,647,000 after purchasing an additional 11,707 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in International Business Machines during the 4th quarter valued at $524,000. Carret Asset Management LLC increased its holdings in International Business Machines by 2.4% during the 4th quarter. Carret Asset Management LLC now owns 19,667 shares of the technology company’s stock valued at $5,825,000 after purchasing an additional 466 shares in the last quarter. Nicholas Wealth LLC. increased its holdings in International Business Machines by 12.8% during the 4th quarter. Nicholas Wealth LLC. now owns 3,528 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 399 shares in the last quarter. Finally, Howe & Rusling Inc. increased its holdings in International Business Machines by 3.4% during the 4th quarter. Howe & Rusling Inc. now owns 3,099 shares of the technology company’s stock valued at $918,000 after purchasing an additional 101 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.7%

NYSE IBM opened at $270.66 on Wednesday. The stock has a fifty day moving average of $250.88 and a 200-day moving average of $269.61. The stock has a market capitalization of $254.39 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.67. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $332.46. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80.

International Business Machines (NYSE:IBMGet Free Report) last released its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $1.60 EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s payout ratio is presently 59.77%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IBM shares. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Oppenheimer dropped their price target on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Wall Street Zen cut International Business Machines from a “hold” rating to a “sell” rating in a research note on Saturday. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of International Business Machines in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $304.17.

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International Business Machines Company Profile

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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

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