Nissay Asset Management Corp Japan ADV Purchases 2,854 Shares of International Business Machines Corporation $IBM

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in International Business Machines (IBM) by 2.3%, owning a total of 126,121 shares valued at approximately $31.36 million.
• Wall Street analysts have given IBM an average rating of "Hold" with a consensus price target of $268.75, highlighting a range of price objectives from various research firms.
• IBM announced a quarterly dividend of $1.68, representing an annualized dividend of $6.72, with a dividend yield of 2.7% despite a payout ratio of 109.09%.

Nissay Asset Management Corp Japan ADV lifted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,121 shares of the technology company's stock after acquiring an additional 2,854 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in International Business Machines were worth $31,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IBM. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the first quarter valued at approximately $31,000. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Finally, Park Square Financial Group LLC acquired a new position in International Business Machines in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 3.1%

Shares of NYSE:IBM traded up $7.67 during trading on Monday, reaching $256.20. 6,932,637 shares of the company traded hands, compared to its average volume of 4,683,284. 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 Corporation has a 1-year low of $201.43 and a 1-year high of $296.16. The firm has a fifty day simple moving average of $261.07 and a 200 day simple moving average of $257.01. The firm has a market cap of $238.11 billion, a P/E ratio of 41.59, a price-to-earnings-growth ratio of 3.83 and a beta of 0.71.

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

International Business Machines Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on IBM shares. BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. The Goldman Sachs Group lifted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $268.75.

International Business Machines Company 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.