Acadian Asset Management LLC Acquires 55,598 Shares of International Business Machines Corporation $IBM

Key Points

• Acadian Asset Management LLC increased its holdings in International Business Machines Corporation (IBM) by 21.3%, acquiring an additional 55,598 shares, bringing their total to 316,895 shares valued at $78.78 million.
• IBM's most recent earnings report showed an EPS of $2.80, surpassing analyst expectations of $2.65, with revenue of $16.98 billion for the quarter.
• The company announced a quarterly dividend of $1.68 per share, representing a dividend yield of 2.6%, with a payout scheduled for September 10th.

Acadian Asset Management LLC grew its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,895 shares of the technology company's stock after purchasing an additional 55,598 shares during the period. Acadian Asset Management LLC's holdings in International Business Machines were worth $78,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of IBM. GAMMA Investing LLC lifted its position in International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after buying an additional 4,384,958 shares in the last quarter. GQG Partners LLC acquired a new position in International Business Machines during the 1st quarter valued at about $1,040,057,000. Nuveen LLC acquired a new position in International Business Machines during the 1st quarter valued at about $960,386,000. Vanguard Group Inc. lifted its position in International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock valued at $787,007,000 after purchasing an additional 930,448 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 1.4%

Shares of International Business Machines stock traded down $3.55 on Friday, reaching $253.46. 3,430,296 shares of the company were exchanged, compared to its average volume of 3,708,693. The company has a market capitalization of $235.57 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 3.96 and a beta of 0.71. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The company 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 issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period last year, the business posted $2.43 EPS. International Business Machines's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IBM. JPMorgan Chase & Co. boosted their target price on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Bank of America lowered their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. The Goldman Sachs Group upped their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Melius Research raised International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $270.67.

International Business Machines Profile

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.