Vident Advisory LLC Has $21.64 Million Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Vident Advisory LLC increased its stake in International Business Machines Corporation (IBM) by 54.4% during the first quarter, totaling shares worth approximately $21.64 million.
• Analysts have mixed opinions on IBM, with one giving a Strong Buy rating, while others have assigned Buy, Hold, and Sell ratings, reflecting a consensus rating of Hold.
• The company posted earnings of $2.80 per share for the last quarter, outperforming expectations and showing a revenue increase of 7.7% year-over-year.

Vident Advisory LLC raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 54.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,026 shares of the technology company's stock after buying an additional 30,651 shares during the quarter. Vident Advisory LLC's holdings in International Business Machines were worth $21,642,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the first quarter worth approximately $28,000. Dagco Inc. bought a new stake in International Business Machines in the first quarter worth approximately $31,000. Measured Risk Portfolios Inc. bought a new stake in International Business Machines in the fourth quarter worth approximately $43,000. Finally, Park Square Financial Group LLC bought a new stake in International Business Machines in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group increased their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. Wedbush raised their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Royal Bank Of Canada raised their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Bank of America lowered their price objective 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, The Goldman Sachs Group raised their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $268.75.

International Business Machines Stock Up 0.4%

Shares of NYSE IBM opened at $245.80 on Friday. The firm has a market capitalization of $228.45 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 3.77 and a beta of 0.69. 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 $198.27 and a 1 year high of $296.16. The firm's 50-day moving average is $266.46 and its 200-day moving average is $257.71.

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

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.7%. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

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.

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