Advisors Capital Management LLC Has $80.89 Million Stock Holdings in International Business Machines Corporation $IBM

Advisors Capital Management LLC trimmed its position in International Business Machines Corporation (NYSE:IBM) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,312 shares of the technology company’s stock after selling 46,512 shares during the period. International Business Machines makes up approximately 1.3% of Advisors Capital Management LLC’s holdings, making the stock its 12th biggest holding. Advisors Capital Management LLC’s holdings in International Business Machines were worth $80,892,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines in the 1st quarter valued at approximately $28,000. Dagco Inc. acquired a new stake in shares of International Business Machines in the 1st quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of International Business Machines in the 1st quarter valued at approximately $45,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at approximately $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

NYSE IBM opened at $256.96 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12-month low of $203.04 and a 12-month high of $296.16. The company has a market capitalization of $238.82 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 3.99 and a beta of 0.71. The firm’s 50 day moving average is $259.04 and its 200-day moving average is $256.99.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data 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. 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 period last year, the company earned $2.43 earnings per share. The firm’s revenue 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 anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Wedbush raised their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. UBS Group raised their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Finally, Stifel Nicolaus raised their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $270.67.

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.