International Business Machines Corporation $IBM Shares Sold by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has reduced its stake in International Business Machines Corporation (IBM) by 8.2%, holding 20,890 shares valued at approximately $6.1 million as of the latest reporting period.
• Analyst ratings for IBM have been positive, with several analysts increasing their price targets, including BMO Capital Markets raising it to $300 and Goldman Sachs to $310, reflecting a generally optimistic outlook on the stock.
• IBM's recent quarterly earnings showed a profit of $2.80 per share, exceeding expectations, and the company also announced a quarterly dividend of $1.68 per share, indicating strong financial health.

Baader Bank Aktiengesellschaft lessened its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,890 shares of the technology company's stock after selling 1,864 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in International Business Machines were worth $6,107,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the first quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the first quarter worth approximately $28,000. Dagco Inc. purchased a new stake in International Business Machines during the first quarter worth approximately $31,000. Silicon Valley Capital Partners lifted its stake in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Finally, Compass Financial Services Inc lifted its stake in International Business Machines by 41.5% during the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBM. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Bank of America decreased their target price on 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. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday. They issued a "market perform" rating and a $280.00 price objective for the company. Wedbush boosted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Finally, Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $275.00.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $2.19 during trading on Friday, reaching $267.19. The company had a trading volume of 9,852,135 shares, compared to its average volume of 3,792,223. The stock's fifty day moving average price is $254.82 and its 200 day moving average price is $257.21. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The firm has a market capitalization of $248.33 billion, a price-to-earnings ratio of 43.38, a price-to-earnings-growth ratio of 4.08 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the prior year, the company posted $2.43 earnings per share. International Business Machines's quarterly revenue 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 research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm 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 yield of 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is currently 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.