Quantitative Investment Management LLC Decreases Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Quantitative Investment Management LLC significantly reduced its stake in IBM by 74.4%, selling 8,295 shares and holding only 2,847 shares valued at $707,000.
• Several other institutional investors, including Southeast Asset Advisors LLC and APG Asset Management N.V., have increased their holdings in IBM, indicating ongoing institutional interest despite Quantitative's cutback.
• IBM raised its price targets across multiple investment firms, with BMO Capital Markets increasing its target from $260 to $300, while Goldman Sachs raised theirs from $270 to $310, reflecting analyst optimism about the company's performance.

Quantitative Investment Management LLC cut its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 74.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,847 shares of the technology company's stock after selling 8,295 shares during the period. Quantitative Investment Management LLC's holdings in International Business Machines were worth $707,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Blue Edge Capital LLC lifted its stake in International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after purchasing an additional 39 shares in the last quarter. Tacita Capital Inc increased its position in shares of International Business Machines by 20.8% during the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock valued at $58,000 after purchasing an additional 40 shares during the last quarter. Pallas Capital Advisors LLC raised its stake in shares of International Business Machines by 0.9% during the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after acquiring an additional 42 shares in the last quarter. DMC Group LLC raised its position in International Business Machines by 1.2% in the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock worth $875,000 after purchasing an additional 42 shares during the period. Finally, Fidato Wealth LLC grew its position in International Business Machines by 2.4% during the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company's stock worth $454,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on IBM. Wedbush upped their price objective 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. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Melius Research upgraded International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $268.75.

International Business Machines Stock Up 0.4%

International Business Machines stock traded up $0.96 during mid-day trading on Thursday, reaching $245.80. 2,819,660 shares of the company were exchanged, compared to its average volume of 4,705,931. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market cap of $228.45 billion, a P/E ratio of 39.90, a PEG ratio of 3.74 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $198.27 and a 12-month high of $296.16. The business has a fifty day moving average of $267.20 and a 200 day moving average of $257.73.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during 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%.The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Research 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is 109.09%.

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.