FORA Capital LLC Buys Shares of 2,078 International Business Machines Corporation $IBM

Key Points

• FORA Capital LLC purchased 2,078 shares of IBM in the first quarter, valued at approximately $517,000, highlighting increased institutional interest in the company.
• IBM reported $2.80 earnings per share in its latest quarterly results, exceeding analyst expectations and indicating a 7.7% revenue growth year-over-year.
• The company declared a quarterly dividend of $1.68 per share, with an annualized yield of 2.7%, although its payout ratio is notably high at 109.09%.

FORA Capital LLC bought a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,078 shares of the technology company's stock, valued at approximately $517,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MinichMacGregor Wealth Management LLC bought a new stake in International Business Machines during the 1st quarter valued at $396,000. Brooklyn Investment Group raised its position in International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock valued at $1,647,000 after purchasing an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA raised its position in International Business Machines by 5.7% during the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock valued at $58,676,000 after purchasing an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC raised its position in International Business Machines by 1,547.8% during the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock valued at $4,392,000 after purchasing an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its position in shares of International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after acquiring an additional 2,399 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.4%

Shares of NYSE:IBM opened at $245.80 on Friday. The business's 50-day moving average is $266.46 and its 200 day moving average is $257.71. International Business Machines Corporation has a 1 year low of $198.27 and a 1 year high of $296.16. The firm has a market capitalization of $228.45 billion, a P/E ratio of 39.90, a P/E/G ratio of 3.77 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly 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 for 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%.The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company 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 dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

Several research firms have recently commented on IBM. The Goldman Sachs Group boosted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada boosted their price target on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Stifel Nicolaus boosted their price target on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price target on 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, Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $268.75.

International Business Machines 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.

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