Quadrant Capital Group LLC Boosts Holdings in International Business Machines Corporation $IBM

Quadrant Capital Group LLC boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 17.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 19,776 shares of the technology company’s stock after purchasing an additional 2,906 shares during the quarter. Quadrant Capital Group LLC’s holdings in International Business Machines were worth $5,830,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vinva Investment Management Ltd lifted its position in International Business Machines by 97.9% in the 2nd quarter. Vinva Investment Management Ltd now owns 4,422 shares of the technology company’s stock valued at $1,281,000 after acquiring an additional 2,187 shares in the last quarter. Te Ahumairangi Investment Management Ltd lifted its holdings in shares of International Business Machines by 1.5% during the second quarter. Te Ahumairangi Investment Management Ltd now owns 18,802 shares of the technology company’s stock valued at $5,542,000 after purchasing an additional 280 shares in the last quarter. Choreo LLC lifted its holdings in shares of International Business Machines by 2.2% during the second quarter. Choreo LLC now owns 48,486 shares of the technology company’s stock valued at $14,293,000 after purchasing an additional 1,038 shares in the last quarter. Maia Wealth LLC boosted its position in shares of International Business Machines by 6.0% during the second quarter. Maia Wealth LLC now owns 1,761 shares of the technology company’s stock valued at $519,000 after buying an additional 99 shares during the last quarter. Finally, Country Trust Bank increased its holdings in International Business Machines by 22.2% in the 2nd quarter. Country Trust Bank now owns 3,314 shares of the technology company’s stock worth $977,000 after buying an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.3%

IBM opened at $303.66 on Thursday. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week 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 has a 50-day simple moving average of $292.35 and a two-hundred day simple moving average of $274.33. The company has a market capitalization of $283.84 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its 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 firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the previous year, the firm posted $2.30 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Analyst Ratings Changes

IBM has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada reduced their price target on shares of 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. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Oppenheimer initiated coverage on shares of International Business Machines in a report on Friday, November 21st. They set an “outperform” rating and a $360.00 target price for the company. Finally, BMO Capital Markets upped their price objective on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and an average price target of $291.08.

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.