Ieq Capital LLC Raises Position in International Business Machines Corporation $IBM

by · The Cerbat Gem

Ieq Capital LLC raised its holdings in International Business Machines Corporation (NYSE:IBM – Free Report) by 121.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,774 shares of the technology company’s stock after buying an additional 20,686 shares during the period. Ieq Capital LLC’s holdings in International Business Machines were worth $9,393,000 as of its most recent SEC filing.

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

International Business Machines Price Performance

Shares of IBM opened at $245.19 on Thursday. International Business Machines Corporation has a 1-year low of $197.49 and a 1-year high of $296.16. The stock has a market cap of $227.88 billion, a PE ratio of 39.80, a price-to-earnings-growth ratio of 3.74 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a fifty day moving average price of $267.20 and a 200 day moving average price of $257.73.

International Business Machines (NYSE:IBM – Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating 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 firm had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same period in the previous year, the company earned $2.43 earnings per share. International Business Machines’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. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a $1.68 dividend. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. International Business Machines’s payout ratio is currently 109.09%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. UBS Group lifted their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average price target of $268.75.

View Our Latest Report on International Business Machines

International Business Machines Company Profile

(Free Report)

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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