Union Bancaire Privee UBP SA Buys 13,452 Shares of International Business Machines Corporation $IBM

Key Points

• Union Bancaire Privee UBP SA increased its stake in International Business Machines Corporation by 167.5%, acquiring an additional 13,452 shares, bringing its total holdings to 21,484 shares valued at approximately $6.33 million.
• IBM reported a Q2 earnings per share of $2.80, exceeding analysts' expectations of $2.65, with a year-over-year revenue growth of 7.7% to $16.98 billion.
• The company's quarterly dividend was announced at $1.68 per share, resulting in an annualized yield of 2.4%, with a payout ratio of 109.09%.

Union Bancaire Privee UBP SA increased its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 167.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,484 shares of the technology company's stock after acquiring an additional 13,452 shares during the quarter. Union Bancaire Privee UBP SA's holdings in International Business Machines were worth $6,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MinichMacGregor Wealth Management LLC bought a new position in International Business Machines during the first quarter worth $396,000. Brooklyn Investment Group boosted its stake in International Business Machines by 32.7% during the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock worth $1,647,000 after acquiring an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA boosted its stake in International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock worth $58,676,000 after acquiring an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC boosted its stake in International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after acquiring an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its holdings in International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after buying an additional 2,399 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

NYSE IBM opened at $280.02 on Tuesday. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. The company has a 50-day simple moving average of $253.98 and a 200 day simple moving average of $258.34. 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 company has a market capitalization of $260.25 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71.

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 (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 business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the company posted $2.43 earnings per share. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business 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. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is 109.09%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Bank of America lowered their price objective on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They set a "market perform" rating and a $280.00 price objective on the stock. Erste Group Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Royal Bank Of Canada upped their price objective 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. Finally, The Goldman Sachs Group upped their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Business Machines has an average rating of "Hold" and a consensus target price of $275.00.

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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