Czech National Bank Acquires 14,801 Shares of International Business Machines Corporation $IBM

Key Points

• The Czech National Bank increased its stake in International Business Machines Corporation (IBM) by 7.0%, acquiring an additional 14,801 shares, bringing its total holdings to 227,177 shares valued at approximately $66.97 million.
• IBM reported a quarterly earnings per share (EPS) of $2.80, exceeding analysts’ expectations by $0.15, with revenue up by 7.7% year-over-year to $16.98 billion.
• The company announced a quarterly dividend of $1.68 per share, resulting in an annualized dividend yield of 2.6%, despite having a high dividend payout ratio of 109.09%.

Czech National Bank increased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,177 shares of the technology company's stock after purchasing an additional 14,801 shares during the period. Czech National Bank's holdings in International Business Machines were worth $66,967,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the 1st quarter valued at about $28,000. Dagco Inc. acquired a new stake in International Business Machines in the 1st quarter valued at approximately $31,000. Silicon Valley Capital Partners raised its position in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after buying an additional 100 shares during the last quarter. Finally, Compass Financial Services Inc raised its position in International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock valued at $42,000 after buying an additional 49 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

IBM opened at $256.29 on Tuesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The business has a fifty day simple moving average of $256.87 and a 200 day simple moving average of $256.99. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The company has a market capitalization of $238.20 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 3.90 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the firm posted $2.43 EPS. The company's revenue for the quarter 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 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is currently 109.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. 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 report on Thursday, July 24th. Finally, Sanford C. Bernstein began coverage on International Business Machines in a research report on Monday. They issued a "market perform" rating on the stock. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, International Business Machines presently has an average rating of "Hold" and an average price target of $270.67.

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.

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.