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 stake in International Business Machines Co. (NYSE:IBM) by 15.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

Other large investors have also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new position in International Business Machines in the fourth quarter valued at about $31,000. Rialto Wealth Management LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $35,000. Tacita Capital Inc grew its position in International Business Machines by 174.3% during the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company’s stock worth $42,000 after acquiring an additional 122 shares during the last quarter. Measured Risk Portfolios Inc. acquired a new stake in International Business Machines during the 4th quarter valued at $43,000. Finally, Park Square Financial Group LLC acquired a new position in International Business Machines in the fourth quarter worth $43,000. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group restated a “sell” rating and issued a $170.00 target price (up from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. BMO Capital Markets reissued a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Royal Bank of Canada upped their price objective on International Business Machines from $276.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Finally, Morgan Stanley dropped their target price on International Business Machines from $237.00 to $233.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $250.31.

International Business Machines Price Performance

Shares of IBM stock opened at $281.61 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12-month low of $167.23 and a 12-month high of $281.86. The firm has a fifty day moving average of $250.36 and a 200-day moving average of $242.96. The firm has a market capitalization of $261.73 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66.

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

International Business Machines Increases Dividend

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

About International Business Machines

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.