WBI Investments LLC Raises Stock Holdings in International Business Machines Corporation $IBM

Key Points

• WBI Investments LLC significantly increased its stake in International Business Machines Corporation (IBM) by 612.2%, acquiring a total of 10,170 shares valued at approximately $2.53 million.
• IBM reported a quarterly earnings per share of $2.80, exceeding analysts' expectations of $2.65, along with a 7.7% year-over-year revenue growth, totaling $16.98 billion.
• IBM recently declared a quarterly dividend of $1.68 per share, equating to an annual yield of 2.6%, despite a payout ratio of 109.09%.

WBI Investments LLC increased its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 612.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,170 shares of the technology company's stock after buying an additional 8,742 shares during the period. WBI Investments LLC's holdings in International Business Machines were worth $2,529,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in International Business Machines during the fourth quarter worth about $5,819,000. Lighthouse Investment Partners LLC bought a new position in International Business Machines during the fourth quarter worth about $1,539,000. Moore Capital Management LP bought a new position in International Business Machines during the fourth quarter worth about $523,000. Finally, Obermeyer Wealth Partners boosted its position in International Business Machines by 41.4% during the fourth quarter. Obermeyer Wealth Partners now owns 1,522 shares of the technology company's stock worth $335,000 after purchasing an additional 446 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 1.4%

Shares of IBM traded down $3.55 during mid-day trading on Friday, reaching $253.46. The company's stock had a trading volume of 3,430,296 shares, compared to its average volume of 3,708,693. The stock has a market cap of $235.57 billion, a PE ratio of 41.15, a P/E/G ratio of 3.96 and a beta of 0.71. 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 52 week low of $203.51 and a 52 week high of $296.16. The company's fifty day moving average price is $257.59 and its two-hundred day moving average price is $256.93.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $16.98 billion during 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 business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. UBS Group raised their price objective 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. 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. 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, seven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $270.67.

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.