International Business Machines Corporation $IBM Shares Purchased by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its stake in International Business Machines Corporation (IBM) by 4.0% during the 1st quarter, now holding 162,467 shares valued at approximately $40.4 million.
• Several institutional investors have significantly raised their holdings in IBM recently, with GAMMA Investing LLC increasing its stake by an astonishing 29,564.2% to own nearly 4.4 million shares worth $10.9 billion.
• IBM reported a quarterly EPS of $2.80 for the recent quarter, exceeding analyst expectations, alongside a declared quarterly dividend of $1.68 per share, reflecting a dividend yield of 2.6%.

Focus Partners Wealth increased its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,467 shares of the technology company's stock after buying an additional 6,304 shares during the period. Focus Partners Wealth's holdings in International Business Machines were worth $40,400,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IBM. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the first quarter valued at approximately $28,000. Dagco Inc. acquired a new position in shares of International Business Machines in the first quarter valued at approximately $31,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $43,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on IBM shares. BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Stifel Nicolaus upped their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued 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 a consensus rating of "Hold" and a consensus target price of $270.67.

International Business Machines Stock Down 1.4%

Shares of IBM stock traded down $3.55 on Friday, hitting $253.46. The stock had a trading volume of 3,430,296 shares, compared to its average volume of 3,708,693. The firm has a market capitalization of $235.57 billion, a price-to-earnings ratio of 41.15, a P/E/G ratio of 3.96 and a beta of 0.71. The stock's 50 day moving average is $257.59 and its 200-day moving average is $256.93. 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 52-week low of $203.51 and a 52-week high of $296.16.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. 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.