UniSuper Management Pty Ltd Acquires 122,922 Shares of International Business Machines Corporation $IBM

Key Points

• UniSuper Management Pty Ltd increased its holdings in International Business Machines Corporation (IBM) by 228.1%, now owning 176,810 shares valued at approximately $43.97 million.
• The stock has fluctuated significantly, with a 1-year low of $199.34 and a 1-year high of $296.16, and it currently has a market capitalization of $230.93 billion.
• IBM's quarterly earnings report showed an earnings per share (EPS) of $2.80, exceeding the consensus estimate, and the company announced a quarterly dividend of $1.68 to be paid on September 10th.

UniSuper Management Pty Ltd lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 228.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,810 shares of the technology company's stock after acquiring an additional 122,922 shares during the period. UniSuper Management Pty Ltd's holdings in International Business Machines were worth $43,966,000 at the end of the most recent reporting period.

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

International Business Machines Stock Performance

Shares of NYSE IBM traded up $2.95 during midday trading on Tuesday, hitting $259.04. The company's stock had a trading volume of 4,927,569 shares, compared to its average volume of 4,685,110. The stock has a fifty day moving average price of $260.31 and a 200 day moving average price of $256.97. International Business Machines Corporation has a one year low of $202.87 and a one year high of $296.16. 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 firm has a market capitalization of $240.75 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 3.83 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 (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $2.43 earnings per share. The company'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 forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 2.6%. International Business Machines's payout ratio is 109.09%.

Analysts Set New Price Targets

IBM has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of 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. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wedbush lifted their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Bank of America reduced 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 report on Thursday, July 24th. Finally, UBS Group increased their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $268.75.

International Business Machines 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.