GAMMA Investing LLC Raises Stake in International Business Machines Corporation $IBM

Key Points

• GAMMA Investing LLC increased its stake in International Business Machines Corporation (IBM) by 11.1%, owning 19,664 shares valued at approximately $5.8 million as of the latest SEC filing.
• IBM reported earnings of $2.80 per share, exceeding analysts' expectations of $2.65, with quarterly revenue reaching $16.98 billion, a growth of 7.7% year-over-year.
• The company has a dividend yield of 2.5% with a recent quarterly dividend payment of $1.68 per share, despite a payout ratio of 109.09%.

GAMMA Investing LLC lifted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,664 shares of the technology company's stock after purchasing an additional 1,970 shares during the period. GAMMA Investing LLC's holdings in International Business Machines were worth $5,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Clear Harbor Asset Management LLC increased its stake in shares of International Business Machines by 40.7% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 4,005 shares of the technology company's stock valued at $1,181,000 after acquiring an additional 1,158 shares during the last quarter. Maryland Capital Advisors Inc. raised its stake in shares of International Business Machines by 109.8% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 944 shares of the technology company's stock valued at $278,000 after acquiring an additional 494 shares in the last quarter. Strategic Planning Group LLC grew its holdings in shares of International Business Machines by 4.5% during the 2nd quarter. Strategic Planning Group LLC now owns 29,420 shares of the technology company's stock worth $8,672,000 after purchasing an additional 1,262 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in International Business Machines by 78.8% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 45,395 shares of the technology company's stock worth $13,382,000 after purchasing an additional 20,005 shares in the last quarter. Finally, Sweeney & Michel LLC bought a new stake in shares of International Business Machines in the second quarter worth about $663,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IBM. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Bank of America decreased their target price on shares of 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. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 target price on the stock. Finally, Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One investment 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 company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $275.00.

International Business Machines Stock Performance

Shares of NYSE:IBM traded up $5.47 on Monday, reaching $271.87. 5,024,599 shares of the company's stock were exchanged, compared to its average volume of 4,128,385. The business's 50-day moving average is $254.58 and its two-hundred day moving average is $257.38. The firm has a market capitalization of $252.67 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 4.10 and a beta of 0.71. 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 fifty-two week low of $203.51 and a fifty-two week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. 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, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.5%. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

International Business Machines Company 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.