Park Avenue Securities LLC Raises Position in International Business Machines Corporation $IBM

Key Points

• Park Avenue Securities LLC increased its stake in IBM by 17% in Q2, owning 27,966 shares valued at approximately $8.24 million after acquiring an additional 4,071 shares.
• Several analysts have raised price targets for IBM stock, with Stifel Nicolaus setting a new target of $310 and JPMorgan Chase increasing its target to $290, reflecting a positive outlook.
• IBM announced a quarterly dividend of $1.68, translating to an annual yield of 2.5%, despite having a high dividend payout ratio of 109.09%.

Park Avenue Securities LLC grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 17.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 27,966 shares of the technology company's stock after purchasing an additional 4,071 shares during the period. Park Avenue Securities LLC's holdings in International Business Machines were worth $8,244,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lifestyle Asset Management Inc. increased its holdings in International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock worth $632,000 after purchasing an additional 36 shares in the last quarter. Blue Edge Capital LLC grew its holdings in shares of International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after acquiring an additional 39 shares in the last quarter. Tacita Capital Inc grew its holdings in shares of International Business Machines by 20.8% in the first quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock valued at $58,000 after acquiring an additional 40 shares in the last quarter. Global Financial Private Client LLC grew its holdings in shares of International Business Machines by 0.4% in the second quarter. Global Financial Private Client LLC now owns 10,548 shares of the technology company's stock valued at $3,109,000 after acquiring an additional 41 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its holdings in shares of International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after acquiring an additional 42 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 2.1%

Shares of NYSE:IBM traded up $5.47 on Monday, reaching $271.87. 5,024,599 shares of the company traded hands, compared to its average volume of 4,128,385. The business's 50-day simple moving average is $254.58 and its 200 day simple moving average is $257.38. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The stock has a market capitalization of $252.67 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 4.10 and a beta of 0.71. 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 posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.5%. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

Analyst Ratings Changes

IBM has been the subject of several recent analyst reports. Royal Bank Of Canada upped their target price on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Stifel Nicolaus increased their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. BMO Capital Markets increased their price objective on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, UBS Group increased their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $275.00.

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.