CTC Alternative Strategies Ltd. Invests $303,000 in International Business Machines Corporation $IBM

Key Points

• CTC Alternative Strategies Ltd. has acquired a new stake in International Business Machines Corporation (IBM), purchasing 1,220 shares valued at approximately $303,000.
• Multiple hedge funds have increased their positions in IBM, with Jefferies Financial Group boosting their stake by 53.4% in the fourth quarter, indicating growing institutional interest in the company.
• IBM's recent earnings report showed an EPS of $2.80, surpassing expectations and reflecting a year-over-year revenue increase of 7.7%.

CTC Alternative Strategies Ltd. bought a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,220 shares of the technology company's stock, valued at approximately $303,000.

Other institutional investors have also made changes to their positions in the company. Blue Edge Capital LLC increased its holdings in shares of International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after acquiring an additional 39 shares in the last quarter. Tacita Capital Inc lifted its position in shares of International Business Machines by 20.8% during the first 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 grew its stake in International Business Machines by 0.9% during the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after acquiring an additional 42 shares in the last quarter. DMC Group LLC increased its position in shares of International Business Machines by 1.2% in the first quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock worth $875,000 after purchasing an additional 42 shares during the last quarter. Finally, Fidato Wealth LLC boosted its holdings 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 purchasing an additional 42 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 1.2%

IBM traded up $2.95 on Tuesday, hitting $259.04. The company had a trading volume of 4,927,569 shares, compared to its average volume of 3,975,109. International Business Machines Corporation has a 1 year low of $202.87 and a 1 year 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 company's fifty day moving average price is $260.31 and its 200 day moving average price is $256.97. The firm has a market cap of $240.75 billion, a P/E ratio of 42.05, a PEG ratio of 3.94 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm 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 $1.68 dividend. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. International Business Machines's payout ratio is 109.09%.

Analyst Ratings Changes

IBM has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their target price on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Stifel Nicolaus raised 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $268.75.

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.