International Business Machines Corporation $IBM Shares Purchased by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board significantly increased its stake in International Business Machines Corporation (IBM) by 139.0% in Q1, acquiring 310,005 additional shares and owning a total of 533,070 shares valued at approximately $132.6 million.
• IBM's recent quarterly earnings surpassed estimates, reporting $2.80 EPS against the consensus estimate of $2.65, with revenue reaching $16.98 billion—up 7.7% compared to the previous year.
• The company declared a quarterly dividend of $1.68, payable on September 10th, reflecting an annualized yield of 2.8% and a payout ratio of 109.09%.

Canada Pension Plan Investment Board lifted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 139.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 533,070 shares of the technology company's stock after acquiring an additional 310,005 shares during the period. Canada Pension Plan Investment Board owned 0.06% of International Business Machines worth $132,553,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Blue Edge Capital LLC raised its position in shares of International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after acquiring an additional 39 shares in the last quarter. Tacita Capital Inc raised its position in shares of International Business Machines by 20.8% in the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock worth $58,000 after acquiring an additional 40 shares in the last quarter. Pallas Capital Advisors LLC raised its position in shares of International Business Machines by 0.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after acquiring an additional 42 shares in the last quarter. DMC Group LLC raised its position in shares of International Business Machines by 1.2% in the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock worth $875,000 after acquiring an additional 42 shares in the last quarter. Finally, Fidato Wealth LLC raised its position in shares of International Business Machines by 2.4% in the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company's stock worth $454,000 after acquiring an additional 42 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Royal Bank Of Canada boosted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Bank of America dropped their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. 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 investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $268.75.

International Business Machines Price Performance

Shares of NYSE:IBM traded down $2.59 during trading on Tuesday, hitting $240.90. 2,038,706 shares of the stock were exchanged, compared to its average volume of 4,678,811. The company has a fifty day moving average price of $264.80 and a two-hundred day moving average price of $257.51. The company has a market cap of $223.90 billion, a PE ratio of 39.08, a P/E/G ratio of 3.75 and a beta of 0.71. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12-month low of $199.34 and a 12-month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 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 company's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend yield of 2.8%. 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.