FCG Investment Co Boosts Stake in International Business Machines Corporation $IBM

Key Points

• FCG Investment Co increased its stake in International Business Machines Corporation (IBM) by 75.5% in the second quarter, owning 9,341 shares valued at approximately $2.75 million.
• Several institutional investors have also recently adjusted their holdings, with 58.96% of IBM stock owned by institutional investors and hedge funds.
• Analysts have varied opinions on IBM's stock, with a consensus rating of "Hold" and an average price target of $275.00, alongside a recent earnings report showing a >7% year-over-year revenue increase.

FCG Investment Co grew its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 75.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,341 shares of the technology company's stock after buying an additional 4,017 shares during the period. International Business Machines accounts for 1.4% of FCG Investment Co's holdings, making the stock its 16th biggest position. FCG Investment Co's holdings in International Business Machines were worth $2,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Brighton Jones LLC grew its holdings in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after acquiring an additional 2,323 shares during the period. Park Square Financial Group LLC purchased a new position in International Business Machines in the fourth quarter valued at $43,000. 111 Capital purchased a new position in International Business Machines in the fourth quarter valued at $292,000. Mascagni Wealth Management Inc. purchased a new position in International Business Machines in the fourth quarter valued at $43,000. Finally, Wellington Management Group LLP increased its holdings in International Business Machines by 1.4% in the fourth quarter. Wellington Management Group LLP now owns 231,021 shares of the technology company's stock valued at $50,785,000 after buying an additional 3,206 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of 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. JPMorgan Chase & Co. boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Erste Group Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a "market perform" rating and a $280.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $275.00.

International Business Machines Stock Up 5.3%

Shares of International Business Machines stock opened at $281.76 on Friday. The company has a market cap of $261.86 billion, a P/E ratio of 45.74, a PEG ratio of 4.12 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The firm has a fifty day moving average of $254.09 and a two-hundred day moving average of $257.72.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is presently 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.

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