Diversified Trust Co Acquires 1,055 Shares of International Business Machines Corporation $IBM

Key Points

• Diversified Trust Co increased its stake in IBM by 5.1%, owning a total of 21,707 shares worth approximately $6.4 million after acquiring an additional 1,055 shares in Q2.
• IBM reported earnings of $2.80 per share for the last quarter, surpassing expectations and showing a 7.7% year-over-year revenue increase, totaling $16.98 billion.
• The company's quarterly dividend of $1.68 per share represents a 2.5% yield, with a dividend payout ratio currently at 109.09%.

Diversified Trust Co lifted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,707 shares of the technology company's stock after purchasing an additional 1,055 shares during the period. Diversified Trust Co's holdings in International Business Machines were worth $6,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. boosted its stake in International Business Machines by 483.5% in the second quarter. Assenagon Asset Management S.A. now owns 271,545 shares of the technology company's stock valued at $80,046,000 after acquiring an additional 225,006 shares during the last quarter. TCV Trust & Wealth Management Inc. boosted its stake in International Business Machines by 6.9% in the second quarter. TCV Trust & Wealth Management Inc. now owns 1,541 shares of the technology company's stock valued at $454,000 after acquiring an additional 100 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in International Business Machines in the second quarter valued at approximately $4,036,000. IFM Investors Pty Ltd boosted its stake in International Business Machines by 3.6% in the second quarter. IFM Investors Pty Ltd now owns 179,932 shares of the technology company's stock valued at $53,040,000 after acquiring an additional 6,269 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in International Business Machines by 0.5% in the second quarter. Grove Bank & Trust now owns 8,521 shares of the technology company's stock valued at $2,512,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on IBM shares. UBS Group lifted their price target 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. Bank of America reduced their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Sanford C. Bernstein started coverage on shares of International Business Machines in a research report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $275.00.

International Business Machines Price Performance

Shares of International Business Machines stock traded up $5.47 on Monday, reaching $271.87. 4,958,304 shares of the stock were exchanged, compared to its average volume of 4,679,049. The firm's 50 day moving average is $254.82 and its 200-day moving average is $257.31. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market cap of $252.67 billion, a PE ratio of 44.13, a P/E/G ratio of 4.10 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.5%. International Business Machines's dividend payout ratio is presently 109.09%.

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.