Acadian Asset Management LLC Raises Stock Position in International Business Machines Corporation $IBM

Acadian Asset Management LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 21.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 316,895 shares of the technology company’s stock after acquiring an additional 55,598 shares during the quarter. Acadian Asset Management LLC’s holdings in International Business Machines were worth $78,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in 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 purchasing an additional 2,323 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of International Business Machines during the 4th quarter valued at about $5,819,000. Lighthouse Investment Partners LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at about $1,539,000. Moore Capital Management LP acquired a new position in shares of International Business Machines during the 4th quarter valued at about $523,000. Finally, NDVR Inc. raised its holdings in International Business Machines by 5.5% in the 4th quarter. NDVR Inc. now owns 1,567 shares of the technology company’s stock valued at $344,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $258.91 on Wednesday. International Business Machines Corporation has a one year low of $203.04 and a one year high of $296.16. The company has a market cap of $240.63 billion, a PE ratio of 41.95, a P/E/G ratio of 3.94 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The business has a 50-day simple moving average of $259.66 and a 200-day simple moving average of $256.99.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a dividend of $1.68 per share. The ex-dividend date is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IBM shares. BMO Capital Markets boosted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Bank of America reduced their price objective on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. UBS Group boosted their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Finally, Wedbush boosted their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $268.75.

International Business Machines Company 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.