Nearwater Capital Markets Ltd Trims Stake in International Business Machines Corporation $IBM

by · The Cerbat Gem

Nearwater Capital Markets Ltd decreased its position in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 66.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 50,000 shares of the technology company’s stock after selling 100,000 shares during the period. Nearwater Capital Markets Ltd’s holdings in International Business Machines were worth $12,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBM. Brighton Jones LLC grew its holdings in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares during the period. EP Wealth Advisors LLC grew its stake in shares of International Business Machines by 17.3% in the 4th quarter. EP Wealth Advisors LLC now owns 41,134 shares of the technology company’s stock worth $9,042,000 after buying an additional 6,053 shares during the last quarter. Dunhill Financial LLC grew its stake in shares of International Business Machines by 26.5% in the 4th quarter. Dunhill Financial LLC now owns 301 shares of the technology company’s stock worth $66,000 after buying an additional 63 shares during the last quarter. Deutsche Bank AG grew its stake in shares of International Business Machines by 15.1% in the 4th quarter. Deutsche Bank AG now owns 4,179,328 shares of the technology company’s stock worth $918,742,000 after buying an additional 548,260 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its stake in shares of International Business Machines by 14.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,563 shares of the technology company’s stock worth $1,443,000 after buying an additional 808 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on IBM. BMO Capital Markets upped their price target on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Wedbush upped their price target on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. UBS Group upped their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. Finally, Stifel Nicolaus increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $268.75.

Read Our Latest Stock Report on International Business Machines

International Business Machines Stock Performance

Shares of IBM opened at $247.27 on Friday. The business’s fifty day simple moving average is $261.90 and its two-hundred day simple moving average is $257.21. 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 12 month low of $199.34 and a 12 month high of $296.16. The company has a market cap of $229.81 billion, a price-to-earnings ratio of 40.14, a P/E/G ratio of 3.76 and a beta of 0.71.

International Business Machines (NYSE:IBM – Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

About International Business Machines

(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.

Further Reading

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