Oarsman Capital Inc. Purchases 3,387 Shares of International Business Machines Corporation $IBM

Key Points

• Oarsman Capital Inc. increased its stake in International Business Machines Corporation (IBM) by 32.4% during the first quarter, holding approximately $3.44 million worth of shares.
• Analyst ratings for IBM are generally positive, with several recent upgrades; Stifel Nicolaus raised its price target to $310, indicating a consensus outlook of buy from multiple firms.
• IBM reported a quarterly earnings surpassing expectations with an earnings per share (EPS) of $2.80, alongside revenue of $16.98 billion for the quarter, reflecting a year-over-year revenue increase of 7.7%.

Oarsman Capital Inc. raised its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 32.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,842 shares of the technology company's stock after acquiring an additional 3,387 shares during the period. International Business Machines makes up 0.6% of Oarsman Capital Inc.'s holdings, making the stock its 29th largest position. Oarsman Capital Inc.'s holdings in International Business Machines were worth $3,442,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Truvestments Capital LLC increased its holdings in shares of International Business Machines by 38.0% in the first quarter. Truvestments Capital LLC now owns 3,643 shares of the technology company's stock valued at $906,000 after buying an additional 1,004 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of International Business Machines in the first quarter valued at $139,000. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of International Business Machines by 7.0% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 66,343 shares of the technology company's stock valued at $16,497,000 after buying an additional 4,335 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of International Business Machines by 12.4% in the first quarter. CreativeOne Wealth LLC now owns 28,866 shares of the technology company's stock valued at $7,178,000 after buying an additional 3,177 shares in the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of International Business Machines by 121.1% in the first quarter. Ieq Capital LLC now owns 37,774 shares of the technology company's stock valued at $9,393,000 after buying an additional 20,686 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on IBM shares. JPMorgan Chase & Co. raised their price objective 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. 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. Wedbush lifted their target price 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. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Finally, Stifel Nicolaus raised their price objective 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 investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $268.75.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $2.14 during midday trading on Friday, reaching $243.59. The company had a trading volume of 2,965,964 shares, compared to its average volume of 5,099,491. The stock has a fifty day simple moving average of $265.72 and a 200 day simple moving average of $257.63. International Business Machines Corporation has a 1-year low of $198.27 and a 1-year high of $296.16. The company has a market capitalization of $226.39 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 3.78 and a beta of 0.69. 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 (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The business 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 was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be paid a dividend of $1.68 per share. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines's dividend payout ratio (DPR) is 109.09%.

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.