Mitchell Capital Management Co. Makes New $2.96 Million Investment in International Business Machines Corporation $IBM

Key Points

• Mitchell Capital Management Co. invested approximately $2.96 million in 10,368 shares of International Business Machines Corporation (IBM) during the second quarter, according to their recent 13F filing with the SEC.
• IBM reported earnings of $2.80 per share, surpassing analysts' expectations, with revenue of $16.98 billion for the last quarter, reflecting a 7.7% increase year-over-year.
• The company recently paid a dividend of $1.68 per share, with an annual yield of 2.4%, although its payout ratio stands at 109.09%.

Mitchell Capital Management Co. purchased a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,368 shares of the technology company's stock, valued at approximately $2,964,000.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Brighton Jones LLC raised its holdings in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of International Business Machines by 19.3% in the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company's stock valued at $4,400,000 after acquiring an additional 2,862 shares in the last quarter. Tritonpoint Wealth LLC increased its stake in shares of International Business Machines by 8.3% in the 1st quarter. Tritonpoint Wealth LLC now owns 2,269 shares of the technology company's stock valued at $564,000 after acquiring an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of International Business Machines by 27.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,158,366 shares of the technology company's stock valued at $288,039,000 after acquiring an additional 250,283 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its stake in shares of International Business Machines by 3.1% in the 1st quarter. Missouri Trust & Investment Co now owns 4,342 shares of the technology company's stock valued at $1,080,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $278.09 on Monday. The firm has a market capitalization of $258.45 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. The firm has a fifty day simple moving average of $258.19 and a two-hundred day simple moving average of $260.78. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04.

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

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is currently 109.09%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lifted their price objective 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. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a research note on Wednesday, October 8th. Wedbush lifted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Finally, BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $284.62.

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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