Edmond DE Rothschild Holding S.A. Raises Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in International Business Machines Corporation (IBM) by 61.8% during the first quarter, acquiring an additional 22,452 shares, bringing its total holdings to 58,781 shares valued at approximately $14.6 million.
• The company reported strong quarterly earnings, with an EPS of $2.80, surpassing estimates by $0.15, and a revenue of $16.98 billion that exceeded expectations, marking a 7.7% increase year-over-year.
• IBM announced a quarterly dividend of $1.68 per share, set to be paid on September 10th, which represents an annualized dividend yield of 2.8% and a payout ratio of 109.09%.

Edmond DE Rothschild Holding S.A. grew its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 61.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,781 shares of the technology company's stock after buying an additional 22,452 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in International Business Machines were worth $14,616,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms have issued reports on IBM. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Bank of America cut their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. UBS Group boosted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. Finally, The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One equities 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. According to data from MarketBeat, International Business Machines has an average rating of "Hold" and a consensus target price of $268.75.

International Business Machines Price Performance

NYSE IBM traded up $1.29 during trading hours on Friday, reaching $248.47. The company's stock had a trading volume of 3,144,657 shares, compared to its average volume of 4,281,239. The firm's 50-day moving average price is $261.07 and its 200-day moving average price is $257.11. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 1 year low of $199.34 and a 1 year high of $296.16. The company has a market capitalization of $230.93 billion, a price-to-earnings ratio of 40.34, a PEG ratio of 3.81 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 earnings per share (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 analysts' expectations 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines's dividend payout ratio is 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.