IFM Investors Pty Ltd Has $43.18 Million Stock Holdings in International Business Machines Corporation $IBM

Key Points

• IFM Investors Pty Ltd increased its stake in International Business Machines Corporation (IBM) by 1.7% during the first quarter, now holding a total of 173,663 shares valued at approximately $43.18 million.
• Several institutional investors acquired new positions in IBM during Q1, with hedge funds owning 58.96% of the company's stock.
• Wall Street analysts have set varied target prices for IBM, with estimates ranging from $200 to $325, and an average rating of "Hold" on the stock.

IFM Investors Pty Ltd increased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,663 shares of the technology company's stock after purchasing an additional 2,938 shares during the period. IFM Investors Pty Ltd's holdings in International Business Machines were worth $43,183,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IBM. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter valued at about $28,000. Dagco Inc. purchased a new position in International Business Machines in the first quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in International Business Machines in the first quarter valued at about $45,000. Finally, Park Square Financial Group LLC purchased a new position in International Business Machines in the fourth quarter valued at about $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 1.4%

NYSE:IBM traded down $3.55 during trading hours on Friday, reaching $253.46. 3,430,296 shares of the company were exchanged, compared to its average volume of 4,674,422. 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 firm has a market cap of $235.57 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.96 and a beta of 0.71. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. The stock has a 50 day simple moving average of $258.35 and a 200 day simple moving average of $256.95.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results 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 business had revenue of $16.98 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Stifel Nicolaus increased their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $270.67.

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.