International Business Machines Corporation $IBM Shares Acquired by Twin Capital Management Inc.

Key Points

• Twin Capital Management Inc. increased its stake in International Business Machines Corporation (IBM) by 147.6%, owning nearly 20,000 shares valued at approximately $5.88 million after acquiring additional shares in Q2.
• IBM reported $2.65 earnings per share for its latest quarter, surpassing the expected $2.45 EPS, and achieved a revenue of $16.33 billion, which shows a 9.1% year-over-year growth.
• The company declared a quarterly dividend of $1.68 per share, scheduled to be paid on December 10th, reflecting a 2.2% annualized yield for shareholders.

Twin Capital Management Inc. lifted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 147.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,932 shares of the technology company's stock after purchasing an additional 11,882 shares during the period. Twin Capital Management Inc.'s holdings in International Business Machines were worth $5,876,000 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. Brooklyn Investment Group grew its holdings in shares of International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock valued at $1,647,000 after buying an additional 1,630 shares during the period. Edgar Lomax Co. VA lifted its holdings in International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock worth $58,676,000 after acquiring an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC increased its holdings in shares of International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after acquiring an additional 16,592 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of International Business Machines by 5.6% during the 1st quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company's stock valued at $15,434,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. acquired a new stake in International Business Machines during the 1st quarter worth approximately $4,608,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

International Business Machines stock opened at $306.91 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market capitalization of $286.88 billion, a P/E ratio of 36.71, a P/E/G ratio of 4.33 and a beta of 0.73. The business has a 50 day moving average of $276.85 and a 200-day moving average of $268.03. International Business Machines Corporation has a 1 year low of $204.07 and a 1 year high of $319.35.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines's dividend payout ratio (DPR) is currently 80.38%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBM. Morgan Stanley reduced their price target on shares of International Business Machines from $256.00 to $252.00 and set an "equal weight" rating for the company in a report on Thursday, October 23rd. Stifel Nicolaus cut their price objective on shares of International Business Machines from $310.00 to $295.00 and set a "buy" rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings upgraded International Business Machines from a "hold (c+)" rating to a "buy (b)" rating in a report on Saturday, October 25th. Jefferies Financial Group boosted their price target on International Business Machines from $280.00 to $305.00 and gave the company a "hold" rating in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada reduced their price objective on International Business Machines from $315.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven 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 an average rating of "Moderate Buy" and an average price target of $288.00.

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.

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