Pensionfund Sabic Has $2.79 Million Holdings in International Business Machines Corporation $IBM

Key Points

• Pensionfund Sabic has reduced its holdings in International Business Machines Corporation (IBM) by 20%, owning 11,200 shares worth approximately $2.79 million.
• Various institutional investors have shown increased interest in IBM, with notable stakes acquired and increased, including Silicon Valley Capital Partners boosting its investment by 322.6% this quarter.
• IBM reported earnings of $2.80 per share, exceeding analysts’ expectations, alongside a revenue of $16.98 billion, indicating a 7.7% year-over-year increase in revenue.

Pensionfund Sabic lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,200 shares of the technology company's stock after selling 2,800 shares during the quarter. International Business Machines makes up approximately 0.8% of Pensionfund Sabic's investment portfolio, making the stock its 28th largest position. Pensionfund Sabic's holdings in International Business Machines were worth $2,785,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the first quarter worth approximately $28,000. Dagco Inc. bought a new position in shares of International Business Machines during the first quarter worth approximately $31,000. Silicon Valley Capital Partners increased its stake in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, Compass Financial Services Inc increased its stake in shares of International Business Machines by 41.5% during the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus increased their target price on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. increased their target price on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Wedbush increased their price target on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Finally, BMO Capital Markets increased their price target 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 equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $270.67.

International Business Machines Trading Down 1.4%

Shares of NYSE:IBM opened at $253.46 on Friday. The company has a market capitalization of $235.56 billion, a P/E ratio of 41.15, a P/E/G ratio of 3.96 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The business's 50 day simple moving average is $257.59 and its 200 day simple moving average is $256.93.

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

International Business Machines Announces Dividend

The firm also recently announced 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 of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 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.

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