Ilmarinen Mutual Pension Insurance Co Boosts Stake in International Business Machines Corporation $IBM

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in IBM shares by 111.4% during the first quarter, owning a total of 163,168 shares valued at approximately $40.57 million by the end of that period.
• IBM's recent quarterly earnings revealed an EPS of $2.80, surpassing analysts' expectations of $2.65, alongside a revenue of $16.98 billion.
• The company declared a quarterly dividend of $1.68 per share, which translates to an annualized dividend of $6.72 and a yield of 2.6%.

Ilmarinen Mutual Pension Insurance Co grew its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 111.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,168 shares of the technology company's stock after purchasing an additional 86,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in International Business Machines were worth $40,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Plato Investment Management Ltd increased its holdings in shares of International Business Machines by 8.2% in the 1st quarter. Plato Investment Management Ltd now owns 15,649 shares of the technology company's stock worth $3,933,000 after purchasing an additional 1,188 shares in the last quarter. Advisory Alpha LLC increased its holdings in shares of International Business Machines by 13.8% in the 1st quarter. Advisory Alpha LLC now owns 8,378 shares of the technology company's stock worth $2,083,000 after purchasing an additional 1,019 shares in the last quarter. SCS Capital Management LLC bought a new stake in shares of International Business Machines in the 1st quarter worth $2,665,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of International Business Machines by 6.5% in 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 purchasing an additional 524,633 shares in the last quarter. Finally, Woodline Partners LP grew its holdings in shares of International Business Machines by 256.1% in the first quarter. Woodline Partners LP now owns 180,388 shares of the technology company's stock worth $44,855,000 after acquiring an additional 129,726 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

NYSE:IBM traded down $3.55 during mid-day trading on Friday, hitting $253.46. 3,430,296 shares of the company traded hands, compared to its average volume of 4,674,422. The stock's fifty day moving average price is $258.35 and its 200-day moving average price is $256.95. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $235.57 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.43 earnings per share. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is 109.09%.

Analysts Set New Price Targets

Several brokerages recently commented on IBM. Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Royal Bank Of Canada boosted their target price 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. Bank of America cut their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Finally, UBS Group boosted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus target price of $270.67.

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.