Baader Bank Aktiengesellschaft Sells 1,864 Shares of International Business Machines Corporation $IBM

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 trimmed its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 20,890 shares of the technology company's stock after selling 1,864 shares during the period. Baader Bank Aktiengesellschaft's holdings in International Business Machines were worth $6,107,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of IBM. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter valued at $31,000. Silicon Valley Capital Partners boosted its position in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after buying an additional 100 shares during the last quarter. Finally, Compass Financial Services Inc boosted its position in International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock valued at $42,000 after buying an additional 49 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IBM shares. Stifel Nicolaus increased their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Bank of America reduced their price target on 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. BMO Capital Markets raised their price target on 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. UBS Group raised their price target on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $275.00.

International Business Machines Stock Up 0.8%

Shares of IBM traded up $2.19 during midday trading on Friday, hitting $267.19. The stock had a trading volume of 9,852,135 shares, compared to its average volume of 3,792,223. The company has a 50 day simple moving average of $254.82 and a two-hundred day simple moving average of $257.25. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The firm has a market cap of $248.33 billion, a price-to-earnings ratio of 43.38, a price-to-earnings-growth ratio of 4.10 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 released its quarterly 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 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 the consensus estimate of $16.58 billion. During the same quarter last year, the business posted $2.43 EPS. The company'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. On average, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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