Clear Harbor Asset Management LLC Buys 1,158 Shares of International Business Machines Corporation $IBM

Key Points

• Clear Harbor Asset Management LLC increased its stake in International Business Machines Corporation (IBM) by 40.7% during Q2, now holding 4,005 shares valued at approximately $1.18 million.
• Analysts have mixed ratings on IBM, with the average rating being "Hold" and a target price of $275.00, while recent performance shows a quarterly EPS of $2.80, exceeding analysts' expectations.
• The company declared a quarterly dividend of $1.68 per share, reflecting a yearly yield of 2.5% despite a high dividend payout ratio of 109.09%.

Clear Harbor Asset Management LLC lifted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 40.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,005 shares of the technology company's stock after purchasing an additional 1,158 shares during the period. Clear Harbor Asset Management LLC's holdings in International Business Machines were worth $1,181,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the first quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the 1st quarter worth about $28,000. Dagco Inc. bought a new position in International Business Machines during the 1st quarter worth about $31,000. Silicon Valley Capital Partners grew its holdings in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Compass Financial Services Inc grew its holdings in International Business Machines by 41.5% during the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after acquiring an additional 49 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on IBM shares. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Stifel Nicolaus increased their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Royal Bank Of Canada increased their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, UBS Group raised their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. One 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 data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $275.00.

International Business Machines Stock Performance

IBM opened at $271.87 on Tuesday. 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 has a market capitalization of $252.67 billion, a PE ratio of 44.13, a P/E/G ratio of 4.10 and a beta of 0.71. The firm has a 50 day moving average of $254.58 and a two-hundred day moving average of $257.38.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $16.58 billion. During the same period last year, the firm posted $2.43 EPS. International Business Machines's revenue for the quarter was up 7.7% compared to the same quarter last year. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.5%. 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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.