Ieq Capital LLC Purchases 20,686 Shares of International Business Machines Corporation $IBM

Key Points

• Ieq Capital LLC increased its holdings in International Business Machines Corporation (IBM) by 121.1% in the first quarter, owning a total of 37,774 shares worth approximately $9.39 million.
• IBM reported earnings of $2.80 per share, surpassing analysts' expectations of $2.65, with quarterly revenue rising by 7.7% year-over-year to $16.98 billion.
• The company recently declared a quarterly dividend of $1.68, with a payout ratio of 109.09%, showcasing its commitment to returning value to shareholders despite high payouts.

Ieq Capital LLC raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 121.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,774 shares of the technology company's stock after buying an additional 20,686 shares during the quarter. Ieq Capital LLC's holdings in International Business Machines were worth $9,393,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of International Business Machines by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after buying an additional 722,582 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of International Business Machines by 1.0% in the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after buying an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after buying an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of International Business Machines by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock worth $1,270,022,000 after buying an additional 24,790 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 0.9%

NYSE:IBM traded down $2.14 during trading hours on Friday, reaching $243.59. 2,965,964 shares of the company traded hands, compared to its average volume of 5,099,491. The business's 50-day moving average price is $265.72 and its two-hundred day moving average price is $257.63. The stock has a market capitalization of $226.39 billion, a P/E ratio of 39.54, a P/E/G ratio of 3.78 and a beta of 0.69. International Business Machines Corporation has a 1 year low of $198.27 and a 1 year high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

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, topping 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 analysts' expectations of $16.58 billion. During the same quarter in the previous year, the business 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. Analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.8%. International Business Machines's payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IBM shares. Stifel Nicolaus lifted their price objective 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. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. UBS Group raised their target price on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Finally, Bank of America lowered their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $268.75.

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.