Unisphere Establishment Sells 150,000 Shares of International Business Machines Corporation $IBM

Key Points

• Unisphere Establishment reduced its stake in International Business Machines Corporation (IBM) by 15%, now holding 850,000 shares, valued at approximately $211.36 million, making it the 15th largest position in their portfolio.
• IBM reported quarterly earnings of $2.80 per share, surpassing estimates, with revenues of $16.98 billion, reflecting a 7.7% year-over-year increase.
• The company declared a quarterly dividend of $1.68 per share, representing a yield of 2.8%, although the dividend payout ratio currently stands at 109.09%.

Unisphere Establishment lowered its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 15.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 850,000 shares of the technology company's stock after selling 150,000 shares during the quarter. International Business Machines makes up about 1.8% of Unisphere Establishment's investment portfolio, making the stock its 15th largest holding. Unisphere Establishment owned approximately 0.09% of International Business Machines worth $211,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LGL Partners LLC acquired a new position in International Business Machines in the first quarter valued at approximately $663,000. Ashton Thomas Securities LLC boosted its position in International Business Machines by 64.0% during the 1st quarter. Ashton Thomas Securities LLC now owns 4,171 shares of the technology company's stock worth $1,037,000 after acquiring an additional 1,628 shares during the period. Calton & Associates Inc. bought a new position in shares of International Business Machines in the first quarter worth $242,000. Saudi Central Bank acquired a new position in shares of International Business Machines during the first quarter valued at $91,000. Finally, Texas Bank & Trust Co increased its holdings in shares of International Business Machines by 1.9% during the first quarter. Texas Bank & Trust Co now owns 7,442 shares of the technology company's stock valued at $1,851,000 after purchasing an additional 140 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 0.9%

IBM stock traded down $2.08 during midday trading on Tuesday, reaching $241.41. The company had a trading volume of 3,467,185 shares, compared to its average volume of 4,499,669. The company has a 50 day moving average of $263.75 and a two-hundred day moving average of $257.40. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 1 year low of $199.34 and a 1 year high of $296.16. The company has a market capitalization of $224.37 billion, a P/E ratio of 39.19, a PEG ratio of 3.75 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be given a $1.68 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines's payout ratio is currently 109.09%.

Analysts Set New Price Targets

A number of research analysts recently commented on IBM shares. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus increased their price target on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada boosted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" 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.