New York Life Investment Management LLC Raises Stock Holdings in International Business Machines Corporation $IBM

New York Life Investment Management LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,055 shares of the technology company’s stock after purchasing an additional 2,694 shares during the quarter. New York Life Investment Management LLC’s holdings in International Business Machines were worth $37,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in International Business Machines by 1.4% in the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in International Business Machines by 6.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company’s stock worth $2,147,608,000 after buying an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. lifted its position in International Business Machines by 1.0% in the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company’s stock worth $1,371,812,000 after buying an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after buying an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in International Business Machines by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company’s stock worth $1,270,022,000 after buying an additional 24,790 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $312.53 on Tuesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $313.50. The stock has a 50 day moving average price of $267.68 and a two-hundred day moving average price of $264.61. The company has a market capitalization of $292.13 billion, a P/E ratio of 37.38, a PEG ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

Analyst Upgrades and Downgrades

IBM has been the subject of a number of recent research reports. Stifel Nicolaus dropped their target price on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley dropped their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday. Royal Bank Of Canada dropped 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. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently 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.