Barry Investment Advisors LLC Acquires Shares of 999 International Business Machines Corporation $IBM

Key Points

• Barry Investment Advisors LLC acquired 999 shares of International Business Machines Corporation (IBM) valued at approximately $294,000 in the second quarter.
• Several major institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have also recently increased their stakes in IBM, reflecting strong investor interest in the company.
• IBM reported earnings of $2.80 per share, exceeding estimates, with a 7.7% year-over-year revenue increase to $16.98 billion in the last quarter.

Barry Investment Advisors LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 999 shares of the technology company's stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 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 worth $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of International Business Machines by 6.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock worth $2,147,608,000 after buying an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of International Business Machines by 1.0% in the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after buying an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in International Business Machines by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after purchasing an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in International Business Machines by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock valued at $1,270,022,000 after purchasing an additional 24,790 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 commented on IBM. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Stifel Nicolaus upped their price objective 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. BMO Capital Markets upped their price objective on 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. Finally, Wedbush upped 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus target price of $275.00.

International Business Machines Trading Up 1.2%

Shares of IBM stock opened at $284.72 on Friday. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The firm's 50 day moving average is $254.07 and its 200 day moving average is $258.03. The stock has a market capitalization of $264.62 billion, a P/E ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its 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 company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter last year, the company posted $2.43 earnings per share. 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. Research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

About International Business Machines

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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