Fort Washington Investment Advisors Inc. OH Grows Position in International Business Machines Corporation $IBM

Fort Washington Investment Advisors Inc. OH grew its position in International Business Machines Corporation (NYSE:IBMFree Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,079 shares of the technology company’s stock after acquiring an additional 8,843 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in International Business Machines were worth $71,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Family CFO Inc purchased a new stake in shares of International Business Machines during the 4th quarter valued at about $25,000. Basepoint Wealth LLC bought a new stake in International Business Machines during the fourth quarter worth approximately $25,000. Joseph Group Capital Management bought a new stake in shares of International Business Machines in the 4th quarter worth about $28,000. Cornerstone Financial Management LLC bought a new stake in shares of International Business Machines in the 4th quarter worth about $28,000. Finally, SWAN Capital LLC purchased a new position in shares of International Business Machines during the 3rd quarter worth about $28,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 5.1%

NYSE IBM opened at $271.36 on Friday. International Business Machines Corporation has a one year low of $212.34 and a one year 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. The company has a market capitalization of $255.05 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67. The company’s 50-day simple moving average is $253.83 and its two-hundred day simple moving average is $267.26.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. During the same quarter in the prior year, the company earned $1.60 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. Equities analysts forecast that International Business Machines Corporation will post 12.39 EPS for the current fiscal year.

International Business Machines Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. KeyCorp lowered International Business Machines to a “sector weight” rating in a research note on Tuesday. Morgan Stanley upgraded International Business Machines from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Oppenheimer lowered their price objective on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. BMO Capital Markets reduced their target price on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. Finally, Susquehanna assumed coverage on International Business Machines in a report on Tuesday. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $306.94.

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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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