Bessemer Group Inc. Grows Holdings in International Business Machines Corporation $IBM

Bessemer Group Inc. raised its position in International Business Machines Corporation (NYSE:IBM) by 52.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 893,051 shares of the technology company’s stock after purchasing an additional 305,823 shares during the period. Bessemer Group Inc.’s holdings in International Business Machines were worth $263,254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brookwood Investment Group LLC lifted its holdings in International Business Machines by 76.8% in the 2nd quarter. Brookwood Investment Group LLC now owns 3,823 shares of the technology company’s stock valued at $1,127,000 after purchasing an additional 1,661 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in shares of International Business Machines by 35.6% during the 2nd quarter. GoalVest Advisory LLC now owns 343 shares of the technology company’s stock worth $101,000 after acquiring an additional 90 shares during the period. Solstein Capital LLC purchased a new position in shares of International Business Machines during the 2nd quarter worth about $126,000. Delta Investment Management LLC lifted its holdings in shares of International Business Machines by 0.9% during the 2nd quarter. Delta Investment Management LLC now owns 5,319 shares of the technology company’s stock worth $1,568,000 after acquiring an additional 45 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of International Business Machines by 5.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,415,043 shares of the technology company’s stock worth $417,125,000 after acquiring an additional 75,393 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 8.0%

Shares of NYSE:IBM opened at $307.78 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $310.75. The company has a 50 day moving average of $266.21 and a two-hundred day moving average of $264.07. The company has a market capitalization of $287.69 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter last year, the company earned $2.30 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. Jefferies Financial Group raised their price target on shares of International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. Finally, Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $288.00.

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.