Natixis Advisors LLC Raises Position in International Business Machines Corporation $IBM

Key Points

• Natixis Advisors LLC increased its IBM stake by 1.9% in the fourth quarter, adding 12,525 shares and bringing its holdings to 669,394 shares worth about $198.3 million.
• IBM reported better-than-expected quarterly results, with earnings of $1.91 per share and revenue of $15.92 billion, both ahead of analyst estimates. Revenue rose 9.5% year over year.
• Analyst sentiment remains generally positive, with IBM carrying a Moderate Buy rating and an average price target of $297.50, while the company also recently raised its quarterly dividend to $1.69 per share.

Natixis Advisors LLC raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 669,394 shares of the technology company's stock after buying an additional 12,525 shares during the period. Natixis Advisors LLC owned approximately 0.07% of International Business Machines worth $198,281,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. CVA Family Office LLC lifted its position in shares of International Business Machines by 1.4% during the 4th quarter. CVA Family Office LLC now owns 2,389 shares of the technology company's stock worth $708,000 after purchasing an additional 33 shares during the last quarter. Foster Group Inc. lifted its position in shares of International Business Machines by 1.3% during the 4th quarter. Foster Group Inc. now owns 2,507 shares of the technology company's stock worth $742,000 after purchasing an additional 33 shares during the last quarter. New Covenant Trust Company N.A. lifted its position in shares of International Business Machines by 3.8% during the 4th quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company's stock worth $264,000 after purchasing an additional 33 shares during the last quarter. McGowan Group Asset Management Inc. lifted its position in shares of International Business Machines by 1.2% during the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company's stock worth $798,000 after purchasing an additional 33 shares during the last quarter. Finally, Marco Investment Management LLC lifted its position in shares of International Business Machines by 0.3% during the 3rd quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company's stock worth $3,040,000 after purchasing an additional 34 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IBM. Weiss Ratings cut shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, May 21st. Stifel Nicolaus set a $290.00 price target on shares of International Business Machines in a research note on Friday, May 22nd. Jefferies Financial Group cut their price target on shares of International Business Machines from $370.00 to $320.00 and set a "buy" rating on the stock in a research note on Monday, April 20th. HSBC upgraded shares of International Business Machines from a "reduce" rating to a "hold" rating and lifted their price target for the stock from $218.00 to $231.00 in a research note on Tuesday, April 28th. Finally, BMO Capital Markets cut their price target on shares of International Business Machines from $290.00 to $270.00 and set a "market perform" rating on the stock in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $297.50.

International Business Machines Stock Up 7.3%

IBM stock opened at $319.67 on Tuesday. The company has a market cap of $300.45 billion, a P/E ratio of 28.26, a P/E/G ratio of 3.08 and a beta of 0.58. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $327.98. The company's 50-day moving average price is $241.55 and its 200 day moving average price is $270.75. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm's revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 earnings per share. On average, research analysts expect that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.1%. This is a boost from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date of this dividend is Friday, May 8th. International Business Machines's payout ratio is currently 59.77%.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Barclays initiated coverage on IBM with an Overweight rating and a $350 price target, saying the company’s enterprise software business has sticky revenue and still has room to run. IBM Stock Surges After Analyst "Overweight" Rating
• Positive Sentiment: IBM is benefiting from a broader software rebound after Nvidia’s Jensen Huang eased fears that AI will replace software companies, helping lift IBM alongside other tech names. Arm, IBM and Hewlett Packard soar as Nvidia chip 'reinvention' extends software rally
• Positive Sentiment: Investor enthusiasm is also being driven by IBM’s quantum-computing strategy, with reports highlighting major planned investments and positioning IBM as a potential winner in the next-generation computing race. IBM Bets $10 Billion on Quantum Computing as Race for Next-Generation Technology Intensifies
• Neutral Sentiment: IBM remains a highly watched stock after its rapid run-up, with some coverage noting that valuation is getting richer even as momentum stays strong. International Business Machines Corp (IBM) Stock Up 7.6% but GF Value Says Overvalued
• Negative Sentiment: Some analysts and valuation models suggest the stock may be overextended after its sharp rally, which could limit upside if investors start taking profits. International Business Machines Corp (IBM) Stock Up 7.6% but GF Value Says Overvalued

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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