Generali Investments CEE investicni spolecnost a.s. Acquires 1,576 Shares of International Business Machines Corporation $IBM

Key Points

• Generali Investments CEE investicni spolecnost a.s. increased its stake in International Business Machines Corporation (IBM) by 4.8%, acquiring a total of 34,143 shares worth approximately $10 million.
• Analysts have mixed ratings for IBM, with nine firms assigning a "Hold" rating, while others like BMO Capital Markets set a new price target of $300.
• IBM reported a quarterly earnings per share of $2.80, surpassing estimates, with revenues increasing by 7.7% year-over-year, and it recently declared a dividend of $1.68.

Generali Investments CEE investicni spolecnost a.s. lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,143 shares of the technology company's stock after acquiring an additional 1,576 shares during the quarter. International Business Machines makes up 0.8% of Generali Investments CEE investicni spolecnost a.s.'s portfolio, making the stock its 27th biggest position. Generali Investments CEE investicni spolecnost a.s.'s holdings in International Business Machines were worth $10,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the first quarter valued at approximately $28,000. Highline Wealth Partners LLC raised its holdings in shares of International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock valued at $33,000 after acquiring an additional 51 shares in the last quarter. Dagco Inc. bought a new position in shares of International Business Machines during the first quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners raised its holdings in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on IBM shares. BMO Capital Markets increased their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. JPMorgan Chase & Co. increased their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Wedbush increased their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and a consensus target price of $275.00.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $282.19 on Wednesday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. 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 has a fifty day moving average price of $253.98 and a 200-day moving average price of $258.50. The company has a market capitalization of $262.27 billion, a PE ratio of 45.81, a PEG ratio of 4.31 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued 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. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period last year, the company earned $2.43 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

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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