Interval Partners LP purchased a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 1,084 shares of the technology company's stock, valued at approximately $270,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the 1st quarter valued at about $28,000. Dagco Inc. acquired a new position in International Business Machines during the 1st quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in International Business Machines during the 1st quarter valued at about $45,000. Finally, Park Square Financial Group LLC acquired a new position in International Business Machines during the 4th quarter valued at about $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.
International Business Machines Price Performance
Shares of NYSE IBM traded up $1.29 during midday trading on Friday, reaching $248.47. The company's stock had a trading volume of 3,144,657 shares, compared to its average volume of 4,097,194. 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 company has a 50 day moving average price of $261.07 and a 200 day moving average price of $257.07. International Business Machines Corporation has a one year low of $199.34 and a one year high of $296.16. The company has a market cap of $230.93 billion, a price-to-earnings ratio of 40.34, a price-to-earnings-growth ratio of 3.83 and a beta of 0.71.
International Business Machines (NYSE:IBM - Get Free Report) last released its 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. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the firm earned $2.43 EPS. The business's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.
International Business Machines Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. UBS Group boosted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Royal Bank Of Canada boosted 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 report on Thursday, July 17th. Wedbush boosted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Finally, Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $268.75.
Read Our Latest Research Report on IBM
International Business Machines Profile
(
Free Report)
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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