Annex Advisory Services LLC Buys 3,348 Shares of International Business Machines Corporation $IBM

Key Points

• Annex Advisory Services LLC increased its stake in International Business Machines (IBM) by 27%, owning 15,727 shares worth approximately $4.6 million as of the latest reporting period.
• International Business Machines recently reported earnings of $2.80 per share, exceeding analysts' expectations and reflecting a revenue increase of 7.7% year-over-year.
• IBM has an annualized dividend of $6.72, resulting in a dividend yield of 2.5%, with a payout ratio of 109.09%.

Annex Advisory Services LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 27.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,727 shares of the technology company's stock after acquiring an additional 3,348 shares during the quarter. Annex Advisory Services LLC's holdings in International Business Machines were worth $4,636,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IBM. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 4,384,958 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of International Business Machines in the 1st quarter valued at approximately $1,040,057,000. Nuveen LLC acquired a new stake in shares of International Business Machines in the 1st quarter valued at approximately $960,386,000. Vanguard Group Inc. boosted its stake in shares of 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 valued at $23,159,637,000 after purchasing an additional 1,298,515 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in International Business Machines by 41.6% in the first 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 buying an additional 930,448 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Stifel Nicolaus lifted their target price on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Sanford C. Bernstein assumed coverage on International Business Machines in a research note on Monday, September 15th. They set a "market perform" rating and a $280.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $275.00.

International Business Machines Stock Performance

IBM traded up $5.47 during trading on Monday, hitting $271.87. 5,024,599 shares of the company traded hands, compared to its average volume of 4,688,253. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The stock's fifty day moving average is $254.82 and its 200 day moving average is $257.31. The firm has a market cap of $252.67 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 4.10 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping 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 company 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 firm earned $2.43 EPS. International Business Machines'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. As a group, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

International Business Machines Company 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.