Curi RMB Capital LLC Buys 17,107 Shares of International Business Machines Corporation $IBM

Key Points

• Curi RMB Capital LLC has increased its stake in International Business Machines Corporation (IBM) by 27.5%, holding a total of 79,290 shares valued at approximately $19.7 million.
• The company reported a 7.7% year-over-year revenue growth of $16.98 billion in its latest quarterly earnings, surpassing analysts' expectations.
• IBM announced a quarterly dividend of $1.68 per share, representing an annual yield of 2.8%, despite having a payout ratio of 109.09%.

Curi RMB Capital LLC raised its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 27.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,290 shares of the technology company's stock after acquiring an additional 17,107 shares during the quarter. Curi RMB Capital LLC's holdings in International Business Machines were worth $19,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of International Business Machines by 29,564.2% during the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after buying an additional 4,384,958 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of International Business Machines during the 1st quarter valued at about $1,040,057,000. Nuveen LLC acquired a new stake in shares of International Business Machines during the 1st quarter valued at about $960,386,000. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of International Business Machines by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock valued at $787,007,000 after buying an additional 930,448 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 0.5%

Shares of NYSE:IBM traded up $1.29 during mid-day trading on Friday, reaching $248.47. 3,144,657 shares of the stock were exchanged, compared to its average volume of 4,281,239. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company 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. International Business Machines Corporation has a one year low of $199.34 and a one year high of $296.16. The stock's 50 day simple moving average is $261.07 and its 200-day simple moving average is $257.11.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

Analyst Ratings Changes

IBM has been the subject of several analyst reports. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Bank of America lowered their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Stifel Nicolaus upped their price target 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. Finally, UBS Group boosted their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.