International Business Machines Corporation $IBM Stock Holdings Lowered by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC has reduced its stake in International Business Machines Corporation by 21.4%, resulting in ownership of 109,791 shares valued at approximately $27.3 million.
• IBM reported a quarterly earnings per share of $2.80, surpassing estimates, and a revenue of $16.98 billion, which is a 7.7% increase from the previous year.
• The company announced a quarterly dividend of $1.68 per share, contributing to an annualized yield of 2.6%.

Intech Investment Management LLC lowered its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 21.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 109,791 shares of the technology company's stock after selling 29,964 shares during the period. Intech Investment Management LLC's holdings in International Business Machines were worth $27,301,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IBM. Brighton Jones LLC raised its stake in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after buying an additional 2,323 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of International Business Machines in the 4th quarter worth $5,819,000. Lighthouse Investment Partners LLC bought a new stake in shares of International Business Machines in the 4th quarter worth $1,539,000. Moore Capital Management LP bought a new stake in shares of International Business Machines in the 4th quarter worth $523,000. Finally, NDVR Inc. raised its stake in shares of International Business Machines by 5.5% in the 4th quarter. NDVR Inc. now owns 1,567 shares of the technology company's stock worth $344,000 after buying an additional 81 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 1.2%

NYSE:IBM opened at $259.04 on Wednesday. The firm has a market capitalization of $240.75 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 3.94 and a beta of 0.71. International Business Machines Corporation has a 1-year low of $202.87 and a 1-year high of $296.16. 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 business's fifty day moving average price is $259.66 and its 200 day moving average price is $256.99.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a $1.68 dividend. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. International Business Machines's payout ratio is 109.09%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. 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 note on Thursday, July 24th. UBS Group boosted their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. The Goldman Sachs Group boosted their target price on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Bank of America cut their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of "Hold" and a consensus price target of $268.75.

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.

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