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flag Despite reduced holdings by investment firms, IBM reported strong earnings and raised its dividend.

flag Several investment firms reduced their holdings in International Business Machines (IBM) during the first quarter. flag Despite this, IBM reported strong earnings, beating analyst expectations with an EPS of $1.60 and revenue of $14.54 billion. flag The company also increased its dividend to $1.68 per share, representing a 2.50% yield. flag IBM’s stock opened at $268.95, and the consensus rating among analysts is "Hold" with a target price of $249.06.

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