International Business Machines Corporation $IBM Shares Bought by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in International Business Machines Corporation (IBM) by 3.6%, now holding approximately $53.04 million worth of shares.
• The stock has received various ratings from analysts, with Goldman Sachs and BMO Capital Markets increasing their price targets, while Erste Group Bank downgraded its rating.
• IBM recently announced a quarterly dividend of $1.68 per share, representing a dividend yield of 2.5%, although its payout ratio stands at 109.09%.

IFM Investors Pty Ltd lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,932 shares of the technology company's stock after purchasing an additional 6,269 shares during the period. International Business Machines comprises approximately 0.5% of IFM Investors Pty Ltd's holdings, making the stock its 29th biggest holding. IFM Investors Pty Ltd's holdings in International Business Machines were worth $53,040,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after purchasing an additional 1,298,515 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in International Business Machines by 6.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock worth $2,147,608,000 after acquiring an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. boosted its position in International Business Machines by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after acquiring an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after acquiring an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in International Business Machines by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock worth $1,270,022,000 after acquiring an additional 24,790 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IBM. Sanford C. Bernstein started 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. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, UBS Group boosted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $275.00.

International Business Machines Stock Performance

International Business Machines stock traded up $5.47 during midday trading on Monday, reaching $271.87. 5,024,599 shares of the stock traded hands, compared to its average volume of 4,128,385. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The firm has a fifty day moving average price of $254.58 and a two-hundred day moving average price of $257.38. The firm has a market cap of $252.67 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 4.10 and a beta of 0.71. 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 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 firm 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%. International Business Machines's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is presently 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.