International Business Machines Corporation $IBM Stock Position Raised by ST Germain D J Co. Inc.

Key Points

• ST Germain D J Co. Inc. increased its holdings in IBM by 59.3% during the second quarter, now owning 17,582 shares valued at $5,183,000.
• IBM reported $2.80 earnings per share for the last quarter, exceeding estimates and representing a 7.7% year-over-year revenue growth, totaling $16.98 billion.
• The company declared a quarterly dividend of $1.68, with a dividend yield of 2.4% and a payout ratio of 109.09%.

ST Germain D J Co. Inc. boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 59.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,582 shares of the technology company's stock after acquiring an additional 6,542 shares during the quarter. ST Germain D J Co. Inc.'s holdings in International Business Machines were worth $5,183,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in IBM. FCG Investment Co grew its position in International Business Machines by 75.5% during the second quarter. FCG Investment Co now owns 9,341 shares of the technology company's stock valued at $2,754,000 after purchasing an additional 4,017 shares in the last quarter. Falcon Wealth Planning purchased a new position in shares of International Business Machines during the 2nd quarter valued at $250,000. Novem Group raised its holdings in shares of International Business Machines by 5.0% during the second quarter. Novem Group now owns 7,076 shares of the technology company's stock worth $2,086,000 after acquiring an additional 339 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in International Business Machines during the second quarter valued at $291,000. Finally, Patron Partners LLC grew its stake in International Business Machines by 12.1% in the second quarter. Patron Partners LLC now owns 1,429 shares of the technology company's stock valued at $421,000 after purchasing an additional 154 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 5.3%

IBM stock opened at $281.76 on Friday. 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 company has a market cap of $261.86 billion, a P/E ratio of 45.74, a PEG ratio of 4.12 and a beta of 0.71. The business has a fifty day moving average of $254.09 and a 200-day moving average of $257.72. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the previous year, the company earned $2.43 EPS. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued 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 payout ratio is 109.09%.

Analysts Set New Price Targets

Several research analysts have recently commented on IBM shares. Royal Bank Of Canada increased their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. UBS Group upped 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 note on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on shares of 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, Bank of America dropped 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 note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, International Business Machines has a consensus rating of "Hold" and an average price target of $275.00.

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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