International Business Machines Corporation $IBM Shares Bought by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA significantly increased its stake in International Business Machines Corporation (IBM) by 1,100.1%, acquiring 91,558 additional shares during the first quarter, bringing its total holdings to 99,881 shares valued at $22,952,000.
• IBM recently reported a quarterly earnings per share (EPS) of $2.80, surpassing analysts' expectations, and noted a revenue increase of 7.7% year-over-year.
• The company announced a quarterly dividend of $1.68 per share, representing an annual yield of 2.8%, with the dividend payment scheduled for September 10th.

Banque Transatlantique SA grew its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 1,100.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,881 shares of the technology company's stock after purchasing an additional 91,558 shares during the quarter. Banque Transatlantique SA's holdings in International Business Machines were worth $22,952,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. purchased a new position in shares of International Business Machines during the first quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of International Business Machines during the first quarter valued at approximately $45,000. Finally, Park Square Financial Group LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IBM. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Stifel Nicolaus increased their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. UBS Group increased their target price 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, Wedbush lifted their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $268.75.

International Business Machines Stock Up 0.5%

International Business Machines stock traded up $1.29 during midday trading on Friday, hitting $248.47. 3,144,657 shares of the stock were exchanged, compared to its average volume of 4,281,239. International Business Machines Corporation has a 1 year low of $199.34 and a 1 year high of $296.16. The firm has a market cap of $230.93 billion, a P/E ratio of 40.34, a P/E/G ratio of 3.81 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. The company has a 50 day moving average price of $261.90 and a two-hundred day moving average price of $257.21.

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, 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 firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the previous year, the firm posted $2.43 EPS. The firm's quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.7%. International Business Machines's payout ratio is 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.