Neville Rodie & Shaw Inc. Raises Holdings in International Business Machines Corporation $IBM

Key Points

• Neville Rodie & Shaw Inc. has increased its holdings in IBM by 10.2% during the second quarter, owning 59,818 shares worth $17.63 million.
• IBM reported $2.80 earnings per share for the last quarter, exceeding analysts' expectations of $2.65, with revenues up by 7.7% year-over-year.
• IBM declared a quarterly dividend of $1.68, representing an annualized yield of 2.7%, though its dividend payout ratio stands at 109.09%.

Neville Rodie & Shaw Inc. lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 10.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,818 shares of the technology company's stock after purchasing an additional 5,513 shares during the period. International Business Machines comprises approximately 1.3% of Neville Rodie & Shaw Inc.'s holdings, making the stock its 21st biggest holding. Neville Rodie & Shaw Inc.'s holdings in International Business Machines were worth $17,634,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MinichMacGregor Wealth Management LLC purchased a new position in shares of International Business Machines during the 1st quarter worth approximately $396,000. Brooklyn Investment Group increased its stake in shares of International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock worth $1,647,000 after purchasing an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA increased its stake in shares of International Business Machines by 5.7% during the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock worth $58,676,000 after purchasing an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC increased its stake in shares of International Business Machines by 1,547.8% during the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after purchasing an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in shares of International Business Machines by 47.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after purchasing an additional 2,399 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Down 1.4%

Shares of IBM opened at $253.46 on Friday. The firm has a market cap of $235.56 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.71. The company's fifty day moving average is $257.59 and its two-hundred day moving average is $256.93. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating 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 net margin of 9.11% and a return on equity of 37.62%. International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $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 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is 109.09%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent analyst reports. UBS Group lifted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. 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 shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Stifel Nicolaus lifted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, International Business Machines has a consensus rating of "Hold" and an average target price of $270.67.

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.

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