LGL Partners LLC Buys Shares of 2,668 International Business Machines Corporation $IBM

Key Points

• LGL Partners LLC purchased 2,668 shares of International Business Machines Corporation (IBM), valued at approximately $663,000, as disclosed in their recent SEC filing.
• Multiple institutional investors have increased their stakes in IBM, with 58.96% of the stock now owned by such investors, indicating strong interest in the company.
• IBM reported better-than-expected earnings for the last quarter, with earnings per share of $2.80, surpassing analysts' estimates and reflecting a 7.7% year-over-year revenue growth.

LGL Partners LLC bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,668 shares of the technology company's stock, valued at approximately $663,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Brighton Jones LLC grew its holdings in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of International Business Machines by 15.5% during the 4th quarter. Ancora Advisors LLC now owns 6,839 shares of the technology company's stock valued at $1,503,000 after purchasing an additional 916 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at approximately $302,564,000. Cary Street Partners Financial LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at approximately $6,189,000. Finally, Captrust Financial Advisors grew its holdings in shares of International Business Machines by 7.0% during the 4th quarter. Captrust Financial Advisors now owns 507,662 shares of the technology company's stock valued at $111,599,000 after purchasing an additional 33,297 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IBM. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wedbush boosted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Finally, Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $268.75.

International Business Machines Stock Down 0.9%

Shares of NYSE IBM opened at $243.59 on Tuesday. The company has a market capitalization of $226.39 billion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 3.75 and a beta of 0.71. International Business Machines Corporation has a 52-week low of $198.27 and a 52-week high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company's 50 day moving average price is $264.80 and its 200-day moving average price is $257.51.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a $1.68 dividend. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines's 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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