9,194 Shares in International Business Machines Corporation $IBM Bought by Thames Capital Management LLC

Key Points

• Thames Capital Management opened a new position in IBM, buying 9,194 shares in Q2 worth approximately $2.71 million.
• IBM beat Q3 expectations, reporting $2.65 EPS vs. $2.45 est. and $16.33B revenue (vs. $16.10B), and analysts' consensus remains a "Moderate Buy" with an average price target of $288 amid mixed target revisions from $252 to $315.
• IBM declared a quarterly dividend of $1.68 per share (annualized $6.72), implying a ~2.2% yield with an ex-dividend date of November 10 and a payout ratio around 80%.

Thames Capital Management LLC purchased a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,194 shares of the technology company's stock, valued at approximately $2,710,000.

A number of other institutional investors have also modified their holdings of IBM. Lifestyle Asset Management Inc. grew its holdings in shares of International Business Machines by 1.7% during the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock worth $632,000 after buying an additional 36 shares during the last quarter. Whelan Financial raised its stake in International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company's stock valued at $450,000 after acquiring an additional 36 shares during the last quarter. Ignite Planners LLC lifted its position in International Business Machines by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company's stock worth $1,133,000 after acquiring an additional 36 shares during the period. Blue Edge Capital LLC grew its stake in shares of International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after purchasing an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC increased its holdings in shares of International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock valued at $356,000 after purchasing an additional 39 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBM has been the subject of several recent research reports. Jefferies Financial Group increased their price target on International Business Machines from $280.00 to $305.00 and gave the stock a "hold" rating in a report on Tuesday, October 21st. Bank of America upped their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the stock a "buy" rating in a research report on Thursday, October 23rd. BMO Capital Markets raised their target price on shares of International Business Machines from $300.00 to $305.00 and gave the stock a "market perform" rating in a research note on Thursday, October 23rd. Royal Bank Of Canada dropped their price target on shares of International Business Machines from $315.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, October 23rd. Finally, Morgan Stanley reduced their price objective on shares of International Business Machines from $256.00 to $252.00 and set an "equal weight" rating for the company in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of "Moderate Buy" and an average price target of $288.00.

International Business Machines Trading Down 1.2%

Shares of International Business Machines stock traded down $3.65 during trading hours on Monday, reaching $302.04. 296,736 shares of the company's stock were exchanged, compared to its average volume of 4,887,605. The firm has a market capitalization of $282.33 billion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 52-week low of $205.37 and a 52-week high of $324.90. The company has a fifty day moving average of $285.92 and a 200-day moving average of $271.79.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same period last year, the company earned $2.30 EPS. The firm's quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines's dividend payout ratio is 80.38%.

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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