Fort Washington Investment Advisors Inc. OH Has $77.46 Million Holdings in International Business Machines Co. (NYSE:IBM)

Fort Washington Investment Advisors Inc. OH decreased its position in International Business Machines Co. (NYSE:IBM) by 15.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,524 shares of the technology company’s stock after selling 56,065 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in International Business Machines were worth $77,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBM. Treasurer of the State of North Carolina lifted its stake in International Business Machines by 0.8% in 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 in the last quarter. Blue Zone Wealth Advisors LLC bought a new stake in shares of International Business Machines in the fourth quarter worth $242,000. Truist Financial Corp boosted its holdings in International Business Machines by 6.5% during the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company’s stock worth $178,296,000 after purchasing an additional 49,591 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in International Business Machines during the fourth quarter worth $3,000,000. Finally, Magnolia Private Wealth LLC bought a new position in International Business Machines in the first quarter valued at $239,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of International Business Machines in a research note on Wednesday, May 7th. Citigroup reissued an “outperform” rating on shares of International Business Machines in a research report on Saturday, May 10th. UBS Group reaffirmed a “sell” rating and set a $170.00 price target (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Jefferies Financial Group reissued a “hold” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, KGI Securities set a $242.00 price target on shares of International Business Machines and gave the company a “hold” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $250.31.

International Business Machines Stock Up 1.9%

International Business Machines stock opened at $281.61 on Thursday. The company’s 50-day moving average price is $250.36 and its two-hundred day moving average price is $242.96. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The stock has a market cap of $261.73 billion, a P/E ratio of 43.93, a P/E/G ratio of 5.81 and a beta of 0.66. International Business Machines Co. has a twelve month low of $167.23 and a twelve month high of $281.86.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 earnings per share. As a group, analysts expect that International Business Machines Co. will post 10.78 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from International Business Machines’s previous quarterly dividend of $1.67. International Business Machines’s dividend payout ratio (DPR) is currently 115.66%.

International Business Machines 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.