International Business Machines Corporation $IBM Stock Holdings Increased by Impax Asset Management Group plc

Impax Asset Management Group plc lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 38.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,206 shares of the technology company’s stock after buying an additional 4,751 shares during the quarter. Impax Asset Management Group plc’s holdings in International Business Machines were worth $5,072,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in IBM. Family CFO Inc bought a new stake in International Business Machines during the 2nd quarter valued at $25,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $28,000. Highline Wealth Partners LLC increased its holdings in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares in the last quarter. Dagco Inc. purchased a new stake in shares of International Business Machines during the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners lifted its stake in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on IBM. Royal Bank Of Canada decreased their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Bank of America raised their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley reduced their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Stock Down 3.3%

Shares of NYSE IBM opened at $304.51 on Friday. International Business Machines Corporation has a 12-month low of $204.07 and a 12-month high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The firm’s 50-day simple moving average is $284.79 and its 200 day simple moving average is $270.87. The company has a market cap of $284.64 billion, a price-to-earnings ratio of 36.43, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71.

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

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

About International Business Machines

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.