International Business Machines Corporation $IBM Holdings Lifted by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its holdings in IBM by 2.3% in Q2, owning a total of 441,830 shares worth approximately $130.24 million.
• IBM reported $2.80 earnings per share for the most recent quarter, surpassing estimates, with revenues of $16.98 billion, reflecting a 7.7% year-over-year increase.
• The company announced a quarterly dividend of $1.68 per share, with an annualized yield of 2.3% and a payout ratio of 109.09%.

KLP Kapitalforvaltning AS boosted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 441,830 shares of the technology company's stock after acquiring an additional 10,000 shares during the quarter. International Business Machines comprises about 0.6% of KLP Kapitalforvaltning AS's investment portfolio, making the stock its 25th biggest holding. KLP Kapitalforvaltning AS's holdings in International Business Machines were worth $130,243,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IBM. Family CFO Inc bought a new stake in shares of International Business Machines in the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines during the 1st quarter valued at $28,000. Dagco Inc. bought a new stake in shares of International Business Machines during the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners grew its holdings in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

IBM stock opened at $289.70 on Tuesday. The firm has a 50 day simple moving average of $255.71 and a 200 day simple moving average of $259.70. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The stock has a market cap of $269.25 billion, a P/E ratio of 47.03, a P/E/G ratio of 4.44 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $16.98 billion for 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 company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein started coverage on 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. Royal Bank Of Canada boosted their price objective on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $284.62.

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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