34,116 Shares in International Business Machines Corporation $IBM Purchased by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 34,116 shares of International Business Machines Corporation (IBM), valued at approximately $8,838,000, revealing positive institutional interest in the stock.
• IBM reported a Q2 EPS of $2.80, exceeding analyst expectations of $2.65, and revenue of $16.98 billion, which represents a 7.7% year-over-year increase.
• The company declared a quarterly dividend of $1.68, leading to an annualized yield of 2.6%, with a current dividend payout ratio of 109.09%.

AG2R LA Mondiale Gestion D Actifs bought a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 34,116 shares of the technology company's stock, valued at approximately $8,838,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after purchasing an additional 1,298,515 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of International Business Machines by 6.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock worth $2,147,608,000 after purchasing an additional 524,633 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of International Business Machines by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after purchasing an additional 722,582 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of International Business Machines by 1.0% during the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after purchasing an additional 52,317 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after buying an additional 889,008 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 0.1%

IBM stock opened at $257.01 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $238.87 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 3.96 and a beta of 0.71. The business has a 50 day moving average of $258.35 and a 200 day moving average of $256.95.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the prior year, the company posted $2.43 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio is presently 109.09%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Bank of America dropped their price objective on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Finally, Wedbush boosted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $270.67.

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.

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