J. Safra Sarasin Holding AG Has $90.72 Million Position in International Business Machines Corporation $IBM

Key Points

• J. Safra Sarasin Holding AG reduced its stake in International Business Machines Corporation (IBM) by 0.7%, holding a total of 307,759 shares valued at approximately $90.72 million.
• Recent analyst ratings on IBM show a consensus of "Hold" with an average price target of $279.29, with recommendations ranging from "Strong Buy" to "Sell" from various firms.
• IBM reported earnings of $2.80 per share for the last quarter, exceeding estimates and showing a 7.7% increase in revenue year-over-year.

J. Safra Sarasin Holding AG reduced its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 307,759 shares of the technology company's stock after selling 2,099 shares during the period. International Business Machines accounts for 1.6% of J. Safra Sarasin Holding AG's investment portfolio, making the stock its 13th biggest holding. J. Safra Sarasin Holding AG's holdings in International Business Machines were worth $90,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the 1st quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the first quarter valued at approximately $28,000. Highline Wealth Partners LLC lifted its stake in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock worth $33,000 after buying an additional 51 shares during the last quarter. Dagco Inc. bought a new position in International Business Machines in the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners boosted its holdings in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after acquiring an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. Sanford C. Bernstein started coverage on International Business Machines in a research report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price target on the stock. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Royal Bank Of Canada lifted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Stifel Nicolaus upped their price target on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and an average price target of $279.29.

International Business Machines Price Performance

IBM opened at $286.46 on Thursday. The stock has a market capitalization of $266.23 billion, a P/E ratio of 46.50, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company's 50 day simple moving average is $254.07 and its 200-day simple moving average is $258.70.

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 (EPS) for the quarter, beating 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 business had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter last year, the business earned $2.43 earnings per share. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Sell-side 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines's dividend payout ratio is 109.09%.

International Business Machines Company 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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.