International Business Machines Corporation $IBM Shares Sold by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in IBM by 0.3% in the second quarter, now owning approximately 1.35 million shares valued at $394.6 million, making it the bank's 23rd largest holding.
• IBM's recent quarterly earnings exceeded analyst expectations, reporting $2.80 EPS and a revenue of $16.98 billion, signaling a 7.7% year-over-year growth.
• The company announced a quarterly dividend of $1.68 per share, resulting in an annualized yield of 2.4%, with a dividend payout ratio currently at 109.09%.

DekaBank Deutsche Girozentrale decreased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,351,453 shares of the technology company's stock after selling 3,983 shares during the period. International Business Machines accounts for 0.7% of DekaBank Deutsche Girozentrale's investment portfolio, making the stock its 23rd largest holding. DekaBank Deutsche Girozentrale owned about 0.15% of International Business Machines worth $394,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 1,298,515 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 purchasing an additional 524,633 shares during the period. Ameriprise Financial Inc. boosted its stake in 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 purchasing an additional 52,317 shares during the period. Goldman Sachs Group Inc. boosted its stake in 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 purchasing an additional 889,008 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in International Business Machines by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock worth $1,270,022,000 after purchasing an additional 24,790 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

NYSE:IBM opened at $280.95 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The firm has a 50-day moving average price of $261.07 and a two-hundred day moving average price of $261.86. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The company has a market capitalization of $261.12 billion, a P/E ratio of 45.61, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The business 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 company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.43 earnings per share. 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 fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of recent research reports. Stifel Nicolaus increased 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 note on Wednesday, July 16th. Weiss Ratings restated a "hold (c+)" rating on shares of International Business Machines in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Bank of America cut their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $286.38.

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.

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