Eagle Strategies LLC Boosts Stock Position in International Business Machines Corporation $IBM

Eagle Strategies LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 3.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,337 shares of the technology company’s stock after purchasing an additional 79 shares during the quarter. Eagle Strategies LLC’s holdings in International Business Machines were worth $689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBM. GQG Partners LLC bought a new stake in shares of International Business Machines in the 1st quarter valued at about $1,040,057,000. Nuveen LLC bought a new stake in shares of International Business Machines in the 1st quarter valued at about $960,386,000. Vanguard Group Inc. lifted its stake in shares of 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 valued at $23,159,637,000 after acquiring an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock valued at $787,007,000 after acquiring an additional 930,448 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of 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 valued at $1,282,550,000 after acquiring an additional 889,008 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

International Business Machines stock opened at $289.31 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. The company has a market capitalization of $268.88 billion, a P/E ratio of 46.97, a PEG ratio of 4.52 and a beta of 0.73. The stock’s 50 day moving average is $256.92 and its 200 day moving average is $260.14. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for 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 quarter in the prior year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared 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 was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IBM shares. JPMorgan Chase & Co. boosted their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Stifel Nicolaus boosted their price target on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Wedbush boosted their price target on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. Finally, Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $284.62.

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.