Strs Ohio Acquires New Holdings in International Business Machines Corporation $IBM

Key Points

• Strs Ohio has acquired a new stake in International Business Machines Corporation (IBM), purchasing 213,392 shares valued at approximately $53 million.
• According to recent reports, IBM's stock has seen significant interest from analysts with the average price target now standing at $270.67, with several analysts upgrading their ratings.
• IBM reported a quarterly earnings of $2.80 per share, exceeding estimates and reflecting a 7.7% increase in year-over-year revenue, alongside a recent $1.68 quarterly dividend declaration.

Strs Ohio purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 213,392 shares of the technology company's stock, valued at approximately $53,062,000.

Other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the first quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the first quarter worth about $28,000. Dagco Inc. bought a new position in shares of International Business Machines in the first quarter worth about $31,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of International Business Machines in the first quarter worth about $45,000. Finally, Park Square Financial Group LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $43,000. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IBM. Bank of America dropped 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 research note on Thursday, July 24th. Stifel Nicolaus boosted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group boosted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Erste Group Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, BMO Capital Markets boosted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. One research 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $270.67.

International Business Machines Trading Down 1.4%

Shares of IBM traded down $3.55 on Friday, reaching $253.46. 3,430,296 shares of the company's stock were exchanged, compared to its average volume of 3,708,693. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $235.57 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.71. The business has a 50 day moving average price of $257.59 and a two-hundred day moving average price of $256.93. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating 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 net margin of 9.11% and a return on equity of 37.62%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.43 earnings per share. 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 year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. 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.