Nearwater Capital Markets Ltd Sells 100,000 Shares of International Business Machines Corporation $IBM

Key Points

• Nearwater Capital Markets Ltd has significantly reduced its stake in International Business Machines Corporation (IBM) by 66.7%, selling 100,000 shares and retaining 50,000 shares valued at approximately $12.4 million.
• Several institutional investors are increasing their positions in IBM, with notable increases from firms like Brighton Jones LLC, EP Wealth Advisors LLC, and Deutsche Bank AG during the previous quarter.
• Research analysts have set a consensus target price for IBM at $268.75 with mixed ratings, including one "Strong Buy," eight "Buy," nine "Hold," and one "Sell" rating.

Nearwater Capital Markets Ltd cut its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 66.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,000 shares of the technology company's stock after selling 100,000 shares during the quarter. Nearwater Capital Markets Ltd's holdings in International Business Machines were worth $12,433,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBM. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines in the first quarter valued at about $28,000. Dagco Inc. bought a new position in shares of International Business Machines in the first quarter worth about $31,000. Measured Risk Portfolios Inc. purchased a new stake in shares of International Business Machines during the fourth quarter worth about $43,000. Finally, Park Square Financial Group LLC bought a new stake in International Business Machines during the 4th quarter valued at approximately $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 3.1%

NYSE IBM traded up $7.67 on Monday, hitting $256.20. 6,932,637 shares of the stock were exchanged, compared to its average volume of 4,683,284. International Business Machines Corporation has a 52-week low of $201.43 and a 52-week high of $296.16. The firm has a market capitalization of $238.11 billion, a P/E ratio of 41.59, a P/E/G ratio of 3.83 and a beta of 0.71. 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 stock has a fifty day moving average price of $261.07 and a two-hundred day moving average price of $257.01.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, August 8th. International Business Machines's dividend payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IBM shares. UBS Group increased their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note 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 report on Thursday, July 17th. Finally, Wedbush increased their price target on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of "Hold" and an average target price of $268.75.

International Business Machines 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.