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

DekaBank Deutsche Girozentrale grew its holdings in International Business Machines Co. (NYSE:IBM) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,351,453 shares of the technology company’s stock after buying an additional 98,516 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in International Business Machines were worth $298,136,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of International Business Machines in the 2nd quarter valued at about $7,160,000. Smith Thornton Advisors LLC acquired a new stake in International Business Machines during the 2nd quarter worth approximately $702,000. Retirement Planning Group LLC acquired a new position in shares of International Business Machines during the third quarter worth about $618,000. GAMMA Investing LLC grew its holdings in International Business Machines by 42.4% during the second quarter. GAMMA Investing LLC now owns 9,370 shares of the technology company’s stock worth $1,621,000 after acquiring an additional 2,788 shares during the period. Finally, Anderson Hoagland & Co. acquired a new stake in shares of International Business Machines in the third quarter valued at about $4,050,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM opened at $214.67 on Friday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The firm has a market cap of $197.74 billion, a PE ratio of 23.67, a PEG ratio of 4.84 and a beta of 0.70. The firm’s 50 day moving average price is $215.58 and its 200 day moving average price is $190.43. International Business Machines Co. has a twelve month low of $141.58 and a twelve month high of $237.37.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 earnings per share. As a group, research analysts expect that International Business Machines Co. will post 10.13 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio is 73.65%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Hsbc Global Res upgraded shares of International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. DZ Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a report on Wednesday, October 2nd. Jefferies Financial Group lifted their price target on shares of International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a report on Monday, October 21st. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Friday. Finally, The Goldman Sachs Group raised their target price on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $208.12.

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.