UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 524,633 Shares of International Business Machines Corporation $IBM

Key Points

• UBS AM increased its holdings in International Business Machines Corporation by 6.5%, acquiring an additional 524,633 shares for a total of 8,636,725 shares, making it the fund's 28th biggest holding.
• International Business Machines reported an earnings per share (EPS) of $2.80 for the last quarter, exceeding analysts' expectations of $2.65, with quarterly revenue up by 7.7% year-over-year.
• The company declared a quarterly dividend of $1.68, which is expected to yield 2.6%, despite a high dividend payout ratio of 109.09%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,636,725 shares of the technology company's stock after purchasing an additional 524,633 shares during the period. International Business Machines comprises 0.5% of UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC's holdings, making the stock its 28th biggest holding. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.93% of International Business Machines worth $2,147,608,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. purchased a new stake in International Business Machines during the first quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in International Business Machines during the first quarter valued at approximately $45,000. Finally, Park Square Financial Group LLC purchased a new stake in International Business Machines during the fourth quarter valued at approximately $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

International Business Machines stock opened at $256.20 on Tuesday. The firm has a market cap of $238.11 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 3.83 and a beta of 0.71. International Business Machines Corporation has a 52-week low of $201.43 and a 52-week high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company's 50 day moving average is $260.31 and its two-hundred day moving average is $256.97.

International Business Machines (NYSE:IBM - Get Free Report) last released its 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. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. The firm's quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Wedbush increased their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Bank of America lowered their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. The Goldman Sachs Group boosted their target price 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. Finally, BMO Capital Markets boosted their target price 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, eight have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.

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