RMR Wealth Builders Increases Stock Holdings in International Business Machines Corporation $IBM

Key Points

• RMR Wealth Builders increased its stock holdings in International Business Machines Corporation (IBM) by 20.3% in Q2, owning a total of 10,046 shares valued at $2,961,000.
• Several institutional investors significantly increased their stakes in IBM, with GAMMA Investing LLC boosting its holdings by an astonishing 29,564.2% to own almost 4.4 million shares worth over $10.9 billion.
• The company declared a quarterly dividend of $1.68 per share, representing a 2.7% dividend yield, although its payout ratio stands at 109.09%.

RMR Wealth Builders increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 20.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,046 shares of the technology company's stock after acquiring an additional 1,694 shares during the quarter. RMR Wealth Builders' holdings in International Business Machines were worth $2,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IBM. GAMMA Investing LLC lifted its position in International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after buying an additional 4,384,958 shares during the period. GQG Partners LLC purchased a new position in International Business Machines during the first quarter valued at $1,040,057,000. Nuveen LLC purchased a new position in International Business Machines during the first quarter valued at $960,386,000. Vanguard Group Inc. lifted its position in International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after buying an additional 1,298,515 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock worth $787,007,000 after purchasing an additional 930,448 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. BMO Capital Markets lifted 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. Wedbush lifted 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, UBS Group lifted their price target 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 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $270.67.

International Business Machines Price Performance

NYSE IBM opened at $253.46 on Monday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The stock has a 50-day moving average of $257.59 and a 200 day moving average of $256.96. The company has a market capitalization of $235.57 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.90 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during 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%.International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 8th. International Business Machines's payout ratio is currently 109.09%.

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.

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