Schubert & Co Acquires Shares of 963 International Business Machines Corporation (NYSE:IBM)

Key Points

• Schubert & Co invested approximately $239,000 in 963 shares of International Business Machines Corporation (NYSE:IBM) in the first quarter, reflecting growing institutional interest in the tech company.
• IBM reported a quarterly revenue of $16.98 billion and earnings per share of $2.80, exceeding analyst expectations and showing a 7.7% year-over-year revenue increase.
• The company has increased its quarterly dividend to $1.68 per share, representing a current yield of 2.59%, with a dividend payout ratio of 109.09%.

Schubert & Co purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 963 shares of the technology company's stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Geode Capital Management LLC grew its holdings in shares of International Business Machines by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 20,909,646 shares of the technology company's stock worth $4,589,145,000 after acquiring an additional 427,499 shares during the last quarter. Capital World Investors grew its holdings in shares of International Business Machines by 413.5% in the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after acquiring an additional 9,650,534 shares during the last quarter. Northern Trust Corp grew its holdings in shares of International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of International Business Machines by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company's stock worth $1,783,281,000 after acquiring an additional 722,582 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of International Business Machines by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,083,665 shares of the technology company's stock worth $1,117,548,000 after acquiring an additional 99,510 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock traded down $4.43 during trading on Thursday, reaching $255.83. The company's stock had a trading volume of 2,595,286 shares, compared to its average volume of 4,621,772. 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 business's fifty day moving average price is $277.48 and its 200-day moving average price is $256.64. The firm has a market cap of $237.76 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 4.05 and a beta of 0.69. International Business Machines Corporation has a one year low of $181.81 and a one year high of $296.16.

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, 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 firm 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 company's quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on IBM. The Goldman Sachs Group raised their target price 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. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Royal Bank Of Canada raised their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Bank of America decreased their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Finally, BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $268.75.

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.