Aware Super Pty Ltd as trustee of Aware Super Purchases 17,762 Shares of International Business Machines Corporation $IBM

Key Points

• Aware Super Pty Ltd significantly expanded its stake in International Business Machines Corporation (IBM), increasing ownership by 373.9% with the purchase of 17,762 shares, totaling 22,513 shares valued at approximately $6.6 million by the end of Q2.
• Several institutional investors have also adjusted their positions in IBM, including GQG Partners LLC and Goldman Sachs Group Inc., indicating growing interest in the company.
• IBM's recent quarterly earnings surpassed expectations, with earnings per share of $2.80 against a forecast of $2.65, and the company has declared a quarterly dividend of $1.68.

Aware Super Pty Ltd as trustee of Aware Super increased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 373.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,513 shares of the technology company's stock after purchasing an additional 17,762 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in International Business Machines were worth $6,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. GQG Partners LLC acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $1,040,057,000. Nuveen LLC acquired a new stake in International Business Machines during the 1st quarter valued at $960,386,000. Vanguard Group Inc. raised 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 valued at $23,159,637,000 after purchasing an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 worth $787,007,000 after purchasing an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after purchasing an additional 889,008 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBM has been the topic of several research reports. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Wedbush raised their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. The Goldman Sachs Group upped their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus lifted their target price on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $286.38.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $280.97 on Thursday. The firm has a fifty day moving average of $259.77 and a two-hundred day moving average of $261.25. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market capitalization of $261.13 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 4.25 and a beta of 0.73. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04.

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

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines's dividend payout ratio is 109.09%.

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.

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