Fortis Capital Advisors LLC Takes $464,000 Position in International Business Machines Corporation $IBM

Key Points

• Fortis Capital Advisors LLC has invested approximately $464,000 in IBM, acquiring 1,868 shares during the 1st quarter.
• IBM recently reported $2.80 earnings per share (EPS) for its last quarter, exceeding analyst expectations of $2.65, with revenues of $16.98 billion.
• The company announced a quarterly dividend of $1.68 per share, yielding 2.6%, despite a high dividend payout ratio of 109.09%.

Fortis Capital Advisors LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,868 shares of the technology company's stock, valued at approximately $464,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in International Business Machines by 12.4% during the 4th 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 last quarter. Jacobs Levy Equity Management Inc. bought a new stake in International Business Machines during the 4th quarter worth $5,819,000. Lighthouse Investment Partners LLC bought a new stake in International Business Machines during the 4th quarter worth $1,539,000. Moore Capital Management LP bought a new stake in International Business Machines during the 4th quarter worth $523,000. Finally, Obermeyer Wealth Partners grew its position in International Business Machines by 41.4% during the 4th quarter. Obermeyer Wealth Partners now owns 1,522 shares of the technology company's stock worth $335,000 after acquiring an additional 446 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 0.8%

Shares of NYSE:IBM opened at $256.96 on Thursday. The company has a market capitalization of $238.82 billion, a price-to-earnings ratio of 41.71, a P/E/G ratio of 3.99 and a beta of 0.71. 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's 50-day moving average is $259.04 and its 200-day moving average is $256.99. International Business Machines Corporation has a 1 year low of $203.04 and a 1 year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The company 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 firm's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $1.68 per share. 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 109.09%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IBM shares. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Bank of America reduced their price target on 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. UBS Group upped their price target on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target 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, Wedbush upped their price target on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $270.67.

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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