Stance Capital LLC Acquires 16,832 Shares of International Business Machines Corporation $IBM

Key Points

• Stance Capital LLC significantly increased its holdings in IBM by 2,011.0%, owning 17,669 shares valued at approximately $4.39 million as of the end of the most recent quarter.
• IBM's stock received several analyst upgrades, including a target price increase from $290.00 to $310.00 by Stifel Nicolaus, and the consensus rating remains at "Hold" with an average price target of $268.75.
• The company recently announced a quarterly dividend of $1.68 per share, with a payout ratio of 109.09%, indicating a strong commitment to returning value to shareholders.

Stance Capital LLC raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 2,011.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,669 shares of the technology company's stock after buying an additional 16,832 shares during the period. International Business Machines comprises approximately 3.1% of Stance Capital LLC's investment portfolio, making the stock its 6th biggest holding. Stance Capital LLC's holdings in International Business Machines were worth $4,394,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IBM. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the 1st quarter worth about $28,000. Dagco Inc. bought a new position in shares of International Business Machines in the 1st quarter worth about $31,000. Measured Risk Portfolios Inc. bought a new position in shares of International Business Machines in the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Royal Bank Of Canada lifted their target price on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted 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. Finally, 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. One 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $268.75.

International Business Machines Stock Up 1.2%

Shares of NYSE IBM traded up $2.95 on Tuesday, reaching $259.04. 4,927,569 shares of the company's stock traded hands, compared to its average volume of 3,975,109. The business's 50 day simple moving average is $260.31 and its two-hundred day simple moving average is $256.97. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12 month low of $202.87 and a 12 month high of $296.16. The company has a market cap of $240.75 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 3.94 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter last year, the company posted $2.43 earnings per share. The firm's quarterly 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 research analysts forecast 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 will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a dividend of $1.68 per share. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. International Business Machines's payout ratio is presently 109.09%.

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.