Jag Capital Management LLC Has $10.77 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• Jag Capital Management LLC significantly increased its holdings in International Business Machines Corporation (IBM) by 2,687.9%, now owning 36,522 shares valued at approximately $10.77 million.
• Analysts have raised their price targets for IBM, with BMO Capital Markets and Wedbush adjusting their targets to $300.00 and $325.00, respectively, indicating a positive outlook for the stock.
• IBM recently declared a quarterly dividend of $1.68 per share, representing a 2.4% yield and an annual payout ratio of 109.09%.

Jag Capital Management LLC raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 2,687.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,522 shares of the technology company's stock after buying an additional 35,212 shares during the quarter. International Business Machines accounts for about 1.2% of Jag Capital Management LLC's investment portfolio, making the stock its 28th largest position. Jag Capital Management LLC's holdings in International Business Machines were worth $10,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Family CFO Inc acquired a new stake in International Business Machines in the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the first quarter worth about $28,000. Highline Wealth Partners LLC grew its position in International Business Machines by 85.0% during 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 in the last quarter. Finally, Dagco Inc. acquired a new stake in International Business Machines during the first quarter worth about $31,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on IBM shares. Stifel Nicolaus lifted their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a research note on Wednesday, October 8th. BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. Wedbush lifted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Finally, Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $284.62.

International Business Machines Stock Down 0.2%

Shares of IBM opened at $277.21 on Tuesday. The company has a market capitalization of $257.64 billion, a P/E ratio of 45.00, a PEG ratio of 4.28 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a one year low of $203.51 and a one year high of $301.04. The business's 50 day simple moving average is $258.69 and its 200-day simple moving average is $261.01.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data 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 company 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%.The business's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

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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