International Business Machines Corporation $IBM Shares Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 25.7% during the 4th quarter, Holdings Channel reports. The fund owned 36,574 shares of the technology company’s stock after acquiring an additional 7,486 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in International Business Machines were worth $10,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in International Business Machines by 424.6% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after purchasing an additional 211,040 shares in the last quarter. GLOBALT Investments LLC GA boosted its stake in shares of International Business Machines by 19.1% during the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock worth $5,417,000 after acquiring an additional 2,930 shares in the last quarter. Waverton Investment Management Ltd boosted its stake in shares of International Business Machines by 3.3% during the 3rd quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock worth $280,439,000 after acquiring an additional 32,072 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in shares of International Business Machines by 30.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock worth $3,887,000 after acquiring an additional 3,029 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its holdings in shares of International Business Machines by 51.7% in the third quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company’s stock valued at $32,278,000 after purchasing an additional 38,973 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE:IBM opened at $268.19 on Tuesday. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $332.46. The firm has a 50 day moving average of $250.42 and a 200-day moving average of $269.84. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $252.07 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. International Business Machines’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

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

Wall Street Analyst Weigh In

IBM has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of International Business Machines in a report on Thursday, May 28th. JPMorgan Chase & Co. cut their target price on International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Barclays began coverage on International Business Machines in a research report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price target on the stock. HSBC raised International Business Machines from a “reduce” rating to a “hold” rating and raised their price target for the company from $218.00 to $231.00 in a research report on Tuesday, April 28th. Finally, Wedbush set a $350.00 target price on International Business Machines in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $304.17.

International Business Machines Company Profile

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.