Park Edge Advisors LLC Acquires 2,739 Shares of International Business Machines Corporation $IBM

Key Points

• Park Edge Advisors LLC increased its stake in International Business Machines Corporation (IBM) by 41.6% during the second quarter, now holding 9,316 shares valued at about $2.75 million.
• IBM's Q2 earnings report showed an earnings per share (EPS) of $2.80, exceeding estimates, with revenue of $16.98 billion, which is a 7.7% increase year-over-year.
• The company declared a quarterly dividend of $1.68 per share, representing a yield of 2.7%, with a payout ratio of 109.09%.

Park Edge Advisors LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 41.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,316 shares of the technology company's stock after buying an additional 2,739 shares during the period. International Business Machines comprises about 0.7% of Park Edge Advisors LLC's portfolio, making the stock its 27th biggest holding. Park Edge Advisors LLC's holdings in International Business Machines were worth $2,746,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings 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 buying an additional 1,298,515 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of International Business Machines by 6.5% during the 1st 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 buying an additional 524,633 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of International Business Machines by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after buying an additional 722,582 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of International Business Machines by 1.0% during the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after buying an additional 52,317 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after buying an additional 889,008 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. UBS Group boosted their price target on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Bank of America reduced their price objective on 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. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Stifel Nicolaus boosted their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. One equities research 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 given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $270.67.

International Business Machines Trading Down 1.4%

Shares of NYSE IBM traded down $3.55 during trading on Friday, reaching $253.46. The company had a trading volume of 3,430,296 shares, compared to its average volume of 3,663,143. The company's fifty day moving average price is $257.59 and its 200-day moving average price is $256.96. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The stock has a market cap of $235.57 billion, a P/E ratio of 41.15, a PEG ratio of 3.90 and a beta of 0.71. 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 (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the company posted $2.43 EPS. The business's 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, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

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