B. Metzler seel. Sohn & Co. AG Buys 4,335 Shares of International Business Machines Corporation $IBM

B. Metzler seel. Sohn & Co. AG increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,343 shares of the technology company’s stock after acquiring an additional 4,335 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in International Business Machines were worth $16,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IBM. GAMMA Investing LLC increased its position in International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock worth $10,940,520,000 after acquiring an additional 4,384,958 shares during the period. GQG Partners LLC acquired a new stake in International Business Machines during the first quarter worth $1,040,057,000. Nuveen LLC acquired a new stake in International Business Machines during the first quarter worth $960,386,000. Castlekeep Investment Advisors LLC acquired a new stake in International Business Machines during the fourth quarter worth $302,564,000. Finally, Vanguard Group Inc. boosted its stake in International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after buying an additional 1,298,515 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.2%

Shares of NYSE:IBM opened at $242.40 on Wednesday. International Business Machines Corporation has a 52 week low of $196.97 and a 52 week high of $296.16. 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 company’s fifty day moving average is $267.96 and its 200-day moving average is $257.81. The company has a market capitalization of $225.28 billion, a PE ratio of 39.35, a P/E/G ratio of 3.69 and a beta of 0.69.

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

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Analyst Ratings Changes

A number of research firms have weighed in on IBM. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Bank of America decreased their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. UBS Group lifted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. Citigroup reiterated an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. Finally, Wedbush lifted 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 research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average target price of $268.75.

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.