Osterweis Capital Management Inc. Decreases Holdings in International Business Machines Corporation $IBM

Key Points

• Osterweis Capital Management Inc. reduced its holdings in IBM by 30.5%, selling 2,755 shares during the first quarter, leaving them with a total of 6,265 shares valued at $1,558,000.
• Several large investors, including Brighton Jones LLC and Quantinno Capital Management LP, made significant increases to their positions in IBM during the previous quarter, with Quantinno raising its stake by 52.8%.
• IBM declared a quarterly dividend of $1.68 per share, giving an annualized payout of $6.72, resulting in a dividend yield of 2.6%.

Osterweis Capital Management Inc. trimmed its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 30.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,265 shares of the technology company's stock after selling 2,755 shares during the period. Osterweis Capital Management Inc.'s holdings in International Business Machines were worth $1,558,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Pathstone Holdings LLC increased its stake in International Business Machines by 1.2% in the 4th quarter. Pathstone Holdings LLC now owns 116,500 shares of the technology company's stock worth $25,604,000 after purchasing an additional 1,407 shares during the period. Quantinno Capital Management LP increased its stake in International Business Machines by 52.8% in the 4th quarter. Quantinno Capital Management LP now owns 51,152 shares of the technology company's stock worth $11,245,000 after purchasing an additional 17,684 shares during the period. Quadcap Wealth Management LLC increased its stake in International Business Machines by 19.5% in the 4th quarter. Quadcap Wealth Management LLC now owns 3,903 shares of the technology company's stock worth $858,000 after purchasing an additional 637 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in International Business Machines in the 4th quarter worth approximately $19,534,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.1%

NYSE IBM opened at $257.01 on Friday. 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 twelve month low of $203.51 and a twelve month high of $296.16. The firm has a market capitalization of $238.87 billion, a PE ratio of 41.72, a P/E/G ratio of 3.96 and a beta of 0.71. The stock's 50 day moving average is $258.35 and its 200 day moving average is $256.95.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. International Business Machines's payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IBM shares. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. The Goldman Sachs Group lifted their price objective on 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, BMO Capital Markets lifted their price objective on 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $270.67.

About International Business Machines

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.